It looks like that sets the deadline for when the second stage ends. I'm trying to get the first stage (merchants/buyers commenting and approving) to lock when the second stage begins so the designers can get started looking at the corrections without someone trying to sneak in and add more comments.
I did a test where I set the deadline for the first stage to end at 12:45 p.m. today and to lock when the second stage activates. Then, I set the second stage to activate at 1:00 p.m. (13:00) today. 15 minutes past 1:00 p.m. the proof was still unlocked and the add comment and make decisions buttons were still available. I'm trying to have a gap in time in between the deadline for the first stage and the beginning of the second stage and that seems to be messing up the auto-locking. I attached a screenshot of how I setup the proof.