Purpose: Will trigger an action when a file is locked.
A sample use case can be adding a watermark to a file when it is locked. Let's say a team is collaborating on a set of confidential documents. When they are finished updating the confidential documents, they can lock the documents to ensure no more modifications take place and configure an action to add a watermark on each document that says 'CONFIDENTIAL'.
An event can be created with the 'On Lock File' trigger and the 'Add Watermark to File' action to achieve this: