FWIW I do not know whether they used the specific term “masking arm”, but regardless that’s clearly what it is. Trials designed to avoid shams and preserve blinding end up looking different.
It's just language conforming to the FDA guidelines.
At appx 43:00 in the presentation he mentions that the third arm is for masking purposes only.
The big deal isn't the language. The big deal is understanding the trial design and that it would be run at regulatory risk, final design pending type C meeting feedback so the regulatory risk can't be quantified yet. Listen starting at about 50:00 panelist comment re regulator risk.