A not-so-small addendum in terms of fractional operators and FL-expansions.
Let $$ g(x)=\sum_{n\geq 0}\left[\frac{1}{4^n}\binom{2n}{n}\right]^3 x^n = \frac{4}{\pi^2} K\left(\frac{1-\sqrt{1-x}}{2}\right) $$
We have
$$ S=\sum_{n\geq 0}\left[\frac{1}{4^n}\binom{2n}{n}\right]^4 = \frac{1}{\pi}\int_{0}^{1}\frac{g(x)}{\sqrt{x(1-x)}}\,dx = \frac{1}{\pi}\int_{0}^{1}\frac{g(1-x)}{\sqrt{x(1-x)}}\,dx $$
where
$$ D^{1/2} g(x) = \frac{2 K(x)}{\pi\sqrt{\pi x}} $$
$$ D^{-1/2}\frac{1}{\sqrt{x(1-x)}}=\frac{2}{\sqrt{\pi}}K(x) $$
allows to state
$$ S = \frac{2}{\pi\sqrt{\pi}}\left\langle g(1-x),D^{1/2}K(x)\right\rangle\stackrel{\text{SIBP}}{=}\frac{2}{\pi\sqrt{\pi}}\left\langle D^{1/2}_\perp g(1-x),K(x)\right\rangle = \frac{4}{\pi^3}\left\langle\frac{K(1-x)}{\sqrt{1-x}},K(x)\right\rangle $$
$$ S = \frac{4}{\pi^3}\int_{0}^{1}\frac{K(x)K(1-x)}{\sqrt{1-x}}\,dx = \frac{4}{\pi^2\sqrt{\pi}} D^{-1/2}\left.(K(x)K(1-x))\right|_{x=1}.\tag{1}$$
The RHS can be probably computed from the FL-expansions
$$ K(x)=\sum_{n\geq 0}\frac{2}{2n+1}P_n(2x-1),\qquad K(1-x)=\sum_{n\geq 0}\frac{2(-1)^n}{2n+1}P_n(2x-1) $$
$$ \frac{1}{\sqrt{1-x}} = \sum_{n\geq 0} 2 P_n(2x-1)$$
and the integration rule
$$ \int_{0}^{1}P_a(2x-1)P_b(2x-1)P_c(2x-1)\,dx = \frac{\binom{2s-2a}{s-a}\binom{2s-2b}{s-b}\binom{2s-2c}{s-c}}{(2s+1)\binom{2s}{s}} $$
with $2s=a+b+c$. If $a+b+c$ is odd the LHS is simply zero. In explicit terms
$$ S=\sum_{n\geq 0}\left[\frac{1}{4^n}\binom{2n}{n}\right]^4 = \frac{32}{\pi^3}\!\!\!\!\sum_{\substack{a,b,c\geq 0 \\ a+b+c=2s\in 2\mathbb{N}}}\!\!\!\!\frac{(-1)^a\binom{2s-2a}{s-a}\binom{2s-2b}{s-b}\binom{2s-2c}{s-c}}{(2a+1)(2b+1)(2s+1)\binom{2s}{s}}. \tag{2}$$
$(1)$ is also a consequence of
$$ K(x)K(1-x) = \frac{\pi^3}{8}\sum_{n\geq 0}\left[\frac{1}{4^n}\binom{2n}{n}\right]^4(4n+1)P_{2n}(2x-1).\tag{3}$$
Over $\left[0,\frac{1}{2}\right]$ we also have
$$ K(x)^2 = \pi\sum_{n\geq 0}\frac{(-1)^n}{(2n+1)}P_n(2x-1)^2 \tag{4}$$
hence
$$\begin{eqnarray*} S &=& \frac{8}{\pi^2}\sum_{n\geq 0}\frac{(-1)^n}{(2n+1)}\int_{0}^{1/2}\frac{P_n(2x-1)^2}{\sqrt{x(1-x)}}\,dx\\&=&\frac{8}{\pi}\sum_{n\geq 0}\sum_{m\geq 0}\frac{(-1)^n}{2n+1}(4m+1)\left[\frac{1}{4^m}\binom{2m}{m}\right]^2\int_{0}^{1/2}P_n(2x-1)^2 P_{2m}(2x-1)\,dx\\
\\&=&\frac{4}{\pi}\sum_{n\geq 0}\sum_{m\leq n}\frac{(-1)^n}{2n+1}(4m+1)\left[\frac{1}{4^m}\binom{2m}{m}\right]^2\int_{0}^{1}P_n(2x-1)^2 P_{2m}(2x-1)\,dx\\&=&\frac{4}{\pi}\sum_{m\geq 0}\sum_{n\geq m}\frac{(-1)^n}{2n+1}(4m+1)\left[\frac{1}{4^m}\binom{2m}{m}\right]^2\frac{\binom{2m}{m}\binom{2m}{m}\binom{2n-2m}{n-m}}{(2m+2n+1)\binom{2m+2n}{m+n}}\\&=&\frac{4}{\pi}\sum_{m\geq 0}\frac{(-1)^m \binom{2m}{m}^4}{4^{2m}(2m+1)\binom{4m}{2m}}\underbrace{\phantom{}_3 F_2\left(\frac{1}{2},\frac{1}{2}+m,1+2m;\frac{3}{2}+m,\frac{3}{2}+2m;-1\right)}_{\in\mathbb{Q}[K]}\end{eqnarray*}\tag{5} $$
where $\frac{(-1)^m \binom{2m}{m}^4}{4^{2m}(2m+1)\binom{4m}{2m}}$ decays like $m^{-5/2}$ and
$$\phantom{}_3 F_2\left(\frac{1}{2},\frac{1}{2},1;\frac{3}{2},\frac{3}{2};-1\right)=\sum_{n\geq 0}\frac{(-1)^n}{(2n+1)^2}=K,$$
$$ \phantom{}_3 F_2\left(\frac{1}{2},\frac{1}{2}+m,1+2m;\frac{3}{2}+m,\frac{3}{2}+2m;-1\right)\\ = \frac{(4m+1)(2m+1)}{4}\cdot\frac{\binom{4m}{2m}}{4^{2m}}\sum_{n\geq 0}\frac{(n+1)_{2m}(-1)^n}{\left(n+\frac{1}{2}+m\right)\left(n+\frac{1}{2}\right)_{2m+1}}$$
give
$$S=\frac{1}{\pi}\sum_{m\geq 0}(-1)^m (4m+1) \left[\frac{1}{4^m}\binom{2m}{m}\right]^4\underbrace{\sum_{n\geq 0}\frac{(n+1)_{2m}(-1)^n}{\left(n+\frac{1}{2}+m\right)\left(n+\frac{1}{2}\right)_{2m+1}}}_{c_m\in\mathbb{Q}[K]=O(m^{-3/2})}\tag{6}$$
which at the very least is a nice acceleration formula. We have
$$ c_m = \sum_{n\geq 0}\left[\frac{1}{4^n}\binom{2n}{n}\right]\frac{(-1)^n B(n+1+2m,1/2)}{n+1/2+m}=4\int_{0}^{\pi/2}\sum_{n\geq 0}\left[\frac{1}{4^n}\binom{2n}{n}\right]\frac{(-1)^n \left(\sin\theta\right)^{2n+4m+1}}{2n+1+2m}\,d\theta $$
$$ c_m = 4\int_{0}^{\pi/2}(\sin\theta)^{2m}\int_{0}^{\sin\theta}\frac{z^{2m}}{\sqrt{1+z^2}}\,dz \,d\theta= 4\int_{0}^{\pi/2}(\sin\theta)^{4m+1}\int_{0}^{1}\frac{z^{2m}}{\sqrt{1+z^2\sin^2\theta}}\,dz \,d\theta $$
$$ c_m = 4\iint_{(0,1)^2}\frac{u^{4m+1} z^{2m}}{\sqrt{(1+z^2 u^2)(1-u^2)}}\,du\,dz= 2\iint_{(0,1)^2}\frac{u^{2m} z^{2m}}{\sqrt{(1+u z^2)(1-u)}}\,du\,dz \tag{7}$$
Regarded as a meromorphic function of the $n$ variable, the ratio $\frac{(n+1)_{2m}}{\left(n+\frac{1}{2}+m\right)\left(n+\frac{1}{2}\right)_{2m+1}}$ has a double pole at $n=-\left(m+\frac{1}{2}\right)$ and simple poles at $-\frac{1}{2},-\frac{3}{2},\ldots,-\left(2m+\frac{1}{2}\right)$ (skipping $-\left(m+\frac{1}{2}\right)$). By telescoping, in $c_m = d_m + e_m K$ we have $d_m,e_m\in\mathbb{Q}$ with
$$ e_m = 4(-1)^m\left[\frac{1}{4^m}\binom{2m}{m}\right]^2\tag{8} $$
so the computation of $S$ is also related to the computation of $\sum_{n\geq 0}(4n+1)\left[\frac{1}{4^n}\binom{2n}{n}\right]^6$, related to the integral $\int_{0}^{1}\frac{K(x)K(1-x)}{\sqrt{x(1-x)}}\,dx$ via the FL-expansion of $\frac{1}{\sqrt{x(1-x)}}$. The coefficients of the FL-expansion of $\frac{K(x)}{\sqrt{x}}$ also belong to $\mathbb{Q}[K]$ due to
$$\begin{eqnarray*}\langle K(x), x^{n-1/2}\rangle&=&\frac{\Gamma(n+1/2)}{\Gamma(n+1)}\langle K(x),D^{1/2}x^n\rangle \stackrel{\text{SIBP}}{=} \frac{\pi 4^n}{\binom{2n}{n}}\int_{0}^{1}\frac{\text{arctanh}(\sqrt{x})x^n}{\sqrt{x(1-x)}}\,dx\\&=&\frac{\pi 4^n}{\binom{2n}{n}}\int_{0}^{\pi/2}(\cos\theta)^{2n}\log\left(\frac{1+\cos\theta}{1-\cos\theta}\right)\,dx \end{eqnarray*}$$
and the well-known Fourier series of $\log(1\pm\cos\theta)$.