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Everyone who qualifies has a duty to submit a claim. Even if you only get 12 cents, do it. This is one of the only ways we can hold companies accountable. Anything that isn't claimed probably gets kept by the company. Claim your tiny checks. Once in a hundred times, you might get something substantial.
I don't think that's how this usually works?
IANAL and also I'm a dumbass but from when I've participated in these things in the past (and therefore when I've read the fine print), by the time they're soliciting claims they have already gone through the entire process of confirming that the lawsuit is valid and deciding how much the company owes as a settlement. So once it reaches this point, the amount the company pays is already known, and it's just equally divided among all the people with standing who file a claim.
So yeah, file a claim, because that's your money that you deserve because you have standing. But if you don't file a claim, everyone who did will just get a slightly larger amount of money