Storage paths that are discovered after the first 4096 are not added to the system. You will not have access to some of the storage paths, and possibly some storage devices, that are configured to be accessible by the system.
To resolve this issue, reconfigure the storage attached to the ESXi host so that the total number of physical paths to storage is limited to 4096.
For more information, see VMware Configuration Maximums for the configuration maximum in relation to the relevant version.
Alternative options:
Also, run this command on the ESXi host as root to view the number of LUNs seen by the VMkernel:
esxcli storage core device list |grep -E "^naa|^eui|^mpx|^t10" |wc -l