What's the idea of issuing 20M options to "directors and key...

What's the idea of issuing 20M options to "directors and key executives" for basically nothing ($20,000)? Not even really connected to the raise where they issued free options 1 to 3 to get it over the line. Is it just a blatant money grab by management before a re-rate? Can't see anything in it for shareholders except more dilution, but massive benefit to said "directors and key executives" all for what $20,000.

Do these guys have a history of this type of thing? Just interested as I'm doing some research and liked the look of this project, however this issue has raised a bit of a red flag for me. I've been burned before by a management team who simply seemed to be interested in how much of the company they could get into their own pockets.