You have some bugs in your Logitech Options + Software. I have the MX Master 3 mouse and on macOS 12.2.

First bug I found: In the configurations for Terminal, the settings for side scroller are reversed. I have to set SHIFT+CMD+- to zoom in, and SHIFT+CMD+= to zoom out. Should be the opposite.
Second bug I found. If you set Notes configuration side scroller to zoom in and out, and have Terminal also running, the Notes zooming becomes reversed.

Please fix these issues.