Note the result, which should be something like: ibm/hotkey HKEY 00000080 0000101b. And, the mic only gets turn on when an application accesses it. Right click the Realtek device and select Uninstall - you should also get a prompt to remove the current driver, tick the box to allow this and then proceed with the uninstall. Leave it on or off, or alternate between modes for increased key press functionality. Place your cursor in the text box under Button Pressed Key Sequence.
F4 microphone key Mic does not mute and indicator does not appear.