Yes, that is correct, the medium air is shared with all devices on the same channel.
This is why you shouldn't have more then 1 AP in the same area with the same channel configured as they would share the medium.
Also please keep in mind that it's a half duplex medium so only one client could tx or you have a collision .... like a hub in the good old days.
As a result you'll never see a thruput of 300Mbps on your client... I assume about 150Mbs if you test with iperf (
https://iperf.fr/) and more then one stream.