$P_4$ will reach the semifinal if and only if none of $P_1,P_2,P_3$ is in the same quarter of the final draw as $P_4$.
It follows that the probability that $P_4$ reaches the semifinal is
$${\small{\frac{\binom{12}{3}}{\binom{15}{3}}}}={\small{\frac{44}{91}}}$$
$$
\overline{
\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\qquad\;\;\;
}$$
The above solution assumes the distribution of the final draw, assuming random repairings, is the same as the distribution of a random draw, with no repairings. That seemed intuitively clear (by symmetry), but based on lulu's comment, I began to worry about whether the random repairings were perhaps relevant, hence I tried a different approach, as shown below, which explicitly assumes random repairings.
With some corrections applied, based as on comments by Henry and Mees de Vries, here is a revised version of that approach . . .
The probability that $P_4$ gets to round two is ${\large{\frac{12}{15}}}={\large{\frac{4}{5}}}$, since in round one, $P_4$ has to avoid playing any of $P_1,P_2,P_3$.
Consider two cases . . .
Case $(1)$:$\;$In the first round, none of $P_1,P_2,P_3$ plays $P_4$, and two of $P_1,P_2,P_3$ play each other.
The probability that this case occurs is
$$
\left({\small{\frac{4}{5}}}\right)\left({\small{\frac{3}{13}}}\right)
=
{\small{\frac{12}{65}}}
$$
Given that this case occurs, the probability that $P_4$ wins the next match is ${\large{\frac{5}{7}}}$, since in round two, $P_4$ needs to avoid playing any of the two remaining stronger players.
Case $(2)$:$\;$In the first round, none of $P_1,P_2,P_3$ plays $P_4$, and no two of $P_1,P_2,P_3$ play each other.
The probability that this case occurs is
$$
\left({\small{\frac{4}{5}}}\right)\left({\small{\frac{10}{13}}}\right)
=
{\small{\frac{8}{13}}}
$$
Given that this case occurs, the probability that $P_4$ wins the next match is ${\large{\frac{4}{7}}}$, since in round two, $P_4$ needs to avoid playing any of $P_1,P_2,P_3$.
Summing the results for the two cases, it follows that the probability that $P_4$ reaches the semifinal is
$$
\left({\small{\frac{12}{65}}}\right)\left({\small{\frac{5}{7}}}\right)
+
\left({\small{\frac{8}{13}}}\right)\left({\small{\frac{4}{7}}}\right)
=
{\small{\frac{44}{91}}}
$$
Note:$\;$The two approaches yield the same result, as I initially expected, but wasn't sure of.