For someone unfamiliar with law, why is sentencing at a later date and not immediate? Does SBF just get to roam free for 5 months in the meantime?
As for what happens between conviction and sentencing, the typical law answer is: it depends..
He certainly has been in jail for some time already, as he could not help himself from doing stupid things, like contacting witnesses. Maybe it continues, maybe not. Maybe he'll be free for some time after sentencing too. They set a date when he has to show up at the prison.
Until then, it's mostly up to the judge. If he is deemed a flight risk, or continues to run his mouth, he very well may spend the time up to his prison sentence in jail. Though, as he cannot mess with his trial any more and he is not generally a danger to community, he could walk around some more. It depends..