Why does cell history show user updating cell?

"View cell history" for certain cells in a collection of rows shows a user updating those cells at 8:43am.

In Activity Monitor, I see that user's action at 8:43am was "Row hierarchy changes." So, she didn't actually update the cell contents, which is just a formula displaying red, green or yellow status if certain dates are X days in the future, etc.

Is the history just saying that she was the first person to collapse or expand a row that contained a time-based change?

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