What flattening does to a form
Every interactive form field is turned into ordinary page content. The values stay visible, but the boxes stop being editable.
Before flattening, a filled form stores your answers as properties of live field objects that a reader draws on top of the page. After flattening, those answers are painted into the page itself and the fields are gone. Anyone opening the file sees the completed document and cannot click into a box, tab between fields or change an entry. Checkboxes, radio buttons and dropdown selections are all fixed at whatever they were set to.