Pick a reiserfs drive that currently has the least data on it. Copy all the data on that drive to any other drives on the array with space. When all the data on that drive has been safely copied and verified, stop the array, click on the disk you just finished copying off of, and change the format type to xfs. When you start the array, verify that the only unmountable drive is the one you just changed, and select the option to format it. Now that you have an empty xfs drive, pick the next target reiserfs drive and copy everything to the xfs drive, stop the array, change the format of the reiserfs drive you just copied from, etc, etc.
I would recommend copying instead of moving, as one of the biggest performance issues with a reiserfs drive is modifying files on it, including deleting with a move. Formatting the reiserfs drive is a MUCH faster way of deleting all the files at once.
If you don't have 4TB total free, then yes, you will need to purchase new drives to start the process.
It sounds like you have a handle on this, but I'll repeat it here for emphasis sake. You can NOT change the file system type with a drive rebuild from parity. Rebuilds only ever recreate the file system as a whole, if you try to change it, you will be greeted with an unmountable drive and be asked to format it. You will then face a blank freshly formatted drive and your data will be gone. File system conversion must be done by copying the data elsewhere before changing the file system type.