Lost mode time stamp

Hello, I hope I explain this clearly. I lost my phone and began the process to activate Lost Mode. I got the the part where you type a message to whenever may find it and had to step away for a moment. About 2 hours later, I came back and finished and selected activate. I received the email notification Lost Mode enabled at 1:55. Also the email stating a sound was played on iPhone at 1:55. Then the email notifying me the iPhone had been found at 1:56. And that was about the time when I originally began the process. But it was 4:56 when I actually ’activated’ the lost mode. And at that same time is when I received the emails. So my, question is when was the phone actually located? At 1:55, when I began to try to locate it or at 4:56 when I actually finished and selected the activate button? It wasn’t until then I received the emails. And when I selected the phone that was lost in the device tab, under the name of the phone and address of the location, in red letters it said ‘today at 5:10’?

i am sorry, hope all that makes sense. Just wanting to know what time the phone was actually located at that location.

thanks