Any disadvantages of formatting video project drive to exFAT?

Hi. I'm starting a video project. Will be shooting this weekend.

Got two new WD 4TB USB external drives to store the footage.

Will be shooting HD ProRES with a Blackmagic pocket cinema camera and HD with a Canon 5D mark iv.

I will be most likely editing on my Windows 10 PC, but would be happy to keep the drive compatible with mac OS for both read and write.

After reading stuff online, it seems to me the best option is to format the drives to exFAT file system.

Are there any reasons why I should contemplate formatting otherwise that I'm overlooking?

Thanks