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Ba careful she might lose OPT if changed to H4 status.
I'd say let her remain in OPT until such a time when you receive your I-140. Then if she still wasn't picked in her own H1 lottery, you can sponsor her H4+EAD.
Rising Star
Yes you could apply for H4 which would let her stay and find a job but she wouldn't be able to work on it since you don't have an approved I140.