I have the same issue on Macbook Pro 16" 5500m, my Asus PQ321 4k display, which is same panel as the Sharp 4k display just shows black after the10.15.4 update. The problem is that the firmware I believe is causing the issue and I have tried 10.15.5 beta 2, beta 3, downgraded to 10.15.2, 10.15.3, 10.15.4...nothing works! The firmware after its been updated it wont go back and there is no way to revert even if you go back to 10.5.3 or earlier. I tried 10 clean installs, nothing..'
I'm talking to apple care now and waiting for their engineering dept to get back to me, doubt they have a fix though :(. I've tried everything on the internet, displaylink drivers, privacy, safe boot, reinstall, smc, pram/nvram but nothing works. I'm pretty certain the firmware update from 10.5.4 broke it, if there was a way to go back I'm 99% sure it would work.
I need to use my monitor or else why do I have this $4500 machine if I cant use basic standard computer things... 10.15.5 beta 4 is out, but I haven't tried and I'm kind of so defeated if it doesn't work I'll be sad. I ordered an eGPU razer x with 5700 XT, so I'm hoping that works and actually will run the 4k 60hz scaled a lot smoother and leave the dgpu for processing.
Very frustrating...