WP Plugin Manager Pro Licensing

WP Plugin Manager Pro is asking me for a license.
I just purchased the subscription and wanted to use this plugin to diagnose a problem on a specific page without disabling plugins on the whole site.
I’ve registered it with a project.
The licensing page seems to indicate that I don’t need a key when using registered plugins from Envato Market.
What, what am I missing?

It will work without activating it

Activation is only for the purpose of adding premium support and auto updates