File Insight Question - Launched?

When looking at "More Details" on a file in the security history, and "File Insight" pops up, does "Launched: No" mean it is not currently running, or that it was never launched (such as a trojan file).  Thank you.

When looking at "More Details" on a file in the security history, and "File Insight" pops up, does "Launched: No" mean it is not currently running, or that it was never launched (such as a trojan file).  Thank you.