What is the significance of the options? What should we expect? ( hope for)

I don't expect anything from these. As I've said before, options are good when the share price is way higher. They would sell shares and then exercise their options.

The options are currently out of the money, so they won't exercise. If they have money they could buy on the open market.

It insiders get blacked out...well the options don't get exercised and don't expire (again).