"Switching" means the internal MOSFET is switching on and of at the set frequency (500kHz). "Not switching" means the MOSFET is gated.
The "VSENS=2V" requirement means this 4.4mA figure is not achievable in reality. If you need a smaller no-load current, choose a different part.
Why? Because this condition is artificial. The regulator will switch off the MOSFET when the feedback pin is at a voltage higher than the internal reference voltage of 1.221V. But in normal operation, the feedback voltage will always be equal to the reference voltage. This is how the regulation works.