Touchdown today! Few minutes to figure out UI, nice.
Good to hear!
On extra modes I step through these: Fast Strobe (2 x xpg), Medium Strobe (2 x xpg), Slow Strobe (2 x xpg), Two flashes with 3 second interval (1 x right xpg), SOS (xpe).
That's the battery indicator. You have a charge level of 2/5. This is quite low, so the 'Everything 100%' mode has been disabled. Soon it will also start disable the brightest flood modes and the spot.
It's not perfectly accurate. Each flash does not represent exactly 20% cell-energy left. Lithium cells do not have a flat discharge curve and each brand of cell is different. It also measures the voltage under load, so it will depend how you've been using it before you go to the indicator.
Think of it like this: Four or five flashes is basically full. One or Two flashes is running out.
By disabling the 'Everything 100%' mode, you can get hours or even days more runtime on the lower modes, whereas the 'Everything 100%' mode might have triggered the cells' protection circuits within minutes. Once the cells' protections are triggered, the whole thing will shut down without warning and you'll be in total darkness.
This would be bad. If you're using the brightest modes, you're probably not sitting safely in an armchair! It's more likely that you're cycling down a hill, running around trees, canoeing down a river, or surfing in the waves, etc. I've done all of these with my headlights and the thought of suddenly being in total darkness does not appeal to me!