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If the AD FS settings are already correct, I would check the IIS and Exchange HTTP Proxy logs next.
For the failed request, check the HTTP status and substatus in IIS and correlate the same timestamp with the OWA HTTP Proxy logs.
I documented how I use these logs together for OWA authentication troubleshooting here: https://ceyhunkirmizitas.net/exchange-owa-authentication-troubleshooting-iis-logs-part-4/
I would also use the browser F12 Network trace to confirm whether Exchange returns the redirect to AD FS or the 401 happens before that point.