Ann: Media Interview with Botanix President, page-32

He was given 3m options upfront and there's also this :

"As part of the remuneration package to be approved by Shareholders, it is intended that Mr Ippolito will be issued 12,000,000 options under Botanix’s Plan. These options will have an exercise price the higher of the closing share price on the previous day’s trading before the day of issue and the 7 day VWAP of the shares trading before the day of issue. The options will expire four years after the date of issue. The meeting for this approval will be called shortly with complete details of the proposed remuneration package to be outlined in the notice of meeting."

It's most likely these will be approved, I'll certainly be voting for him to get his extra 12m options, I want plenty of motive for him to get the best deal/s possible for shareholders, him holding 15m options will give him plenty of incentive