@x9yg315tpqzr There are a few ways to determine that this is definitely or probably an out of memory issue. One would be if you have a crash dump for Sims 4: the dump would report that specifically. You can look for recent crash dumps by clicking Windows key-R and entering this:
%LocalAppData%\CrashDumps
If you find one and don't have the tools to read it yourself, feel free to upload it somewhere and link it here; I'll take a look. But it's entirely possible the game hasn't generated a crash dump recently—the Sims 4 errors in your dxdiag could be older. In that case, it's more about testing to see whether freeing up more memory helps.
And to that end, I'd really like the info I described earlier. It's not useful for me to give you recommendations unless I have an idea of how much memory your has available, what programs are using it, and how virtual memory is being managed.
As for whether your laptop could accommodate a RAM upgrade, check the user manual. The important detail is whether there's at least one slot for RAM: even if it's currently occupied by a 4 GB stick, you could replace that with an 8 or 16 GB module (8 should be fine for Sims 4). But if the RAM is soldered in and there's no empty slot, you won't be able to upgrade.