Yes that makes sense, thank you! So M2 is turned on when Q1 is on because of R1 connected to the gate of M2.No.
A MOSFET conducts equally well in both directions when turned on, so both M1 and M2 are on at the same time when Q1 is on.
No.
When Q3 is on, it turns Q1 off, which allows R1 to pull the gate-source voltage of M1 and M2 to zero, turning them off.
All make sense?