Logitech Options and my MX Master 3 were performing very strange. Sometimes, it would work perfectly for a day or so. Other times, the settings and gestures of MX Master 3 would revert to some weird default settings. My gesture button would just bring up command + tab, and the swipe gestures wouldn't work. Scrolling would change as well (natural vs inverted).
I had a couple emails exchanged with logitech support. They took about 2 weeks to get back to me; apparently they're swamped. Logitech ended up sending me a brand new mouse and told me I could keep the old one. I gave it to my mom who is WFH right now and the new one seems to be working fine HOWEVER I do not have logitech options installed anymore. I uninstalled it before connecting the mouse.
Annoying experience at first but I'm pretty surprised at how hassle-free getting a replacement was.