more option stuffThese options would have issued years ago. The last full year report should detail all the the options each officer and director has, the price, and expiry.
When options are issued, they must be issued at the current market price ( a small allownace is given but not much).
It is possible that these options will expire during a period when the insiders will not be permitted to trade. That may have forced this director to exercise now so that he can sell them, if he does not have the financial resources to exercise and hold until the trading restrictions are lifted.
These options would also be included in the fully diluted shares outstanding, so this transaction does not result in any additional dilution.
All that being said, it is not the best "look" for a company struggling with poor market perception, low volume and a poor share price performance.