Samsung T9 SSD External Drive - Encryption Via Apple Products?

Hello, I just purchased a Samsung T9 external SSD and was under the understanding that it would be a good companion for my new Mac Studio (as well as various other Apple machines). Before this new Mac Studio, I had a late 2017 (souped-up) iMac. The T9 communicated great with it and I was able to use their Samsung Magician software that came with it. Anyways, upon plugging it into my MS I was alerted the the fact that it would not run the Samsung Magician software without restarting the machine and allowing permissions to load kernel extensions.

I really have zero interest in lowering my overall security settings on my new Mac... so here is my question:

Is there a way to reformat the (empty T9) to a Mac friendly format and then use some sort of built in Mac OS tools to completely password protect (encrypt) all of the files on the T9.

I really have NO commitment to the Magician software, all I want to do is have my files have a high level of privacy.

Thank you!