Once the sample switch opens, the held value is the model output. Exact arithmetic here means exact results for the stated model inputs; measured inputs still carry uncertainty and significant-figure limits.
highlighted = computed this step
The open switch isolates the held node
The input has moved to 1 volt, but the held output remains 4 volts.
Vout=Vheld=4V
No decay curve is claimed here
The exact model says hold equals 4 volts. Leakage and acquisition time are deferred.