Hi,
This is a very nice example: the PSMs have a confidence around 85%, and taking all PSMs with a confidence higher than this yields a dataset with FDR > 1%, this is why your PSMs are not validated. Taken all together, the 39 PSMs matching this peptide give you a confidence of 96% in the identification of the peptide. Taking all peptides with a confidence higher than 96% gives you an FDR < 1%, so the peptide is validated. It seems that you are right at the border, peptide 39 for this protein has a confidence of 94 and is not validated. As you can anticipate, with few peptides/proteins, the confidence estimation is not very reliable, so we need to take these results with a pinch of salt, this is why the tool is giving all these warning signs.
From the annotation of your spectrum, it seems that your MS2 accuracy is
very good, maybe being more stringent in MS2 tolerance would reduce the
prevalence of false positives?
Hope this clarifies what is happening under the hood, please do not hesitate if you find another counter-intuitive example like this one,
Marc