diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3a9d206cc..c526d8728 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,17 +2,33 @@
 
 ## Unreleased
 
-### Fixes
+Version 4 of the Sentry Android Gradle plugin brings a variety of features and fixes. The most notable changes are:
+- Bump Sentry Android SDK to `7.0.0`. Please, refer to the [changelog](https://github.com/getsentry/sentry-java/blob/main/CHANGELOG.md#700) of the SDK for more details
+- Rename `experimentalGuardsquareSupport` flag to `dexguardEnabled`
+- Add new `excludes` option to allow excluding certain classes from instrumentation. It's available under the `sentry.tracingInstrumentation` extension
 
-- Retrieve `sentryOrg` from the `SentryPluginExtension` for telemetry ([#599](https://github.com/getsentry/sentry-android-gradle-plugin/pull/599))
+## Sentry Android SDK Compatibility
 
-### Dependencies
+Make sure to use Sentry Gradle plugin 4.+ together with the Sentry Android SDK 7.+, otherwise it might crash at runtime due to binary incompatibility. (E.g. if you're using `-timber`, `-okhttp` or other packages)
 
-- Bump CLI from v2.21.5 to v2.22.3 ([#598](https://github.com/getsentry/sentry-android-gradle-plugin/pull/598), [#600](https://github.com/getsentry/sentry-android-gradle-plugin/pull/600))
-  - [changelog](https://github.com/getsentry/sentry-cli/blob/master/CHANGELOG.md#2223)
-  - [diff](https://github.com/getsentry/sentry-cli/compare/2.21.5...2.22.3)
+If you can't do that for some reason, you can specify sentry version via the plugin config block:
+
+```kotlin
+sentry {
+  autoInstallation {
+    sentryVersion.set("7.0.0")
+  }
+}
+```
+
+Similarly, if you have a Sentry SDK (e.g. `sentry-android-core`) dependency on one of your Gradle modules and you're updating it to 7.+, make sure the Gradle plugin is at 4.+ or specify the SDK version as shown in the snippet above.
+
+## Breaking Changes
 
-## 4.0.0-beta.1
+- Rename `experimentalGuardsquareSupport` flag to `dexguardEnabled` ([#589](https://github.com/getsentry/sentry-android-gradle-plugin/pull/589))
+- Bump Sentry Android SDK to `7.0.0`
+
+## Other Changes
 
 ### Features
 
@@ -26,18 +42,14 @@
 - Change cli command from `upload-dif` to `debug-files upload` for native symbols ([#587](https://github.com/getsentry/sentry-android-gradle-plugin/pull/587))
 - Use new AGP api for native symbols upload ([#592](https://github.com/getsentry/sentry-android-gradle-plugin/pull/592))
 
-**Breaking changes:**
-
-- Rename `experimentalGuardsquareSupport` flag to `dexguardEnabled` ([#589](https://github.com/getsentry/sentry-android-gradle-plugin/pull/589))
-
 ### Dependencies
 
-- Bump Android SDK from v6.32.0 to v6.34.0 ([#588](https://github.com/getsentry/sentry-android-gradle-plugin/pull/588), [#593](https://github.com/getsentry/sentry-android-gradle-plugin/pull/593), [#597](https://github.com/getsentry/sentry-android-gradle-plugin/pull/597))
-  - [changelog](https://github.com/getsentry/sentry-java/blob/main/CHANGELOG.md#6340)
-  - [diff](https://github.com/getsentry/sentry-java/compare/6.32.0...6.34.0)
-- Bump CLI from v2.21.2 to v2.21.5 ([#594](https://github.com/getsentry/sentry-android-gradle-plugin/pull/594), [#596](https://github.com/getsentry/sentry-android-gradle-plugin/pull/596))
-  - [changelog](https://github.com/getsentry/sentry-cli/blob/master/CHANGELOG.md#2215)
-  - [diff](https://github.com/getsentry/sentry-cli/compare/2.21.2...2.21.5)
+- Bump Android SDK from v6.32.0 to v7.0.0 ([#588](https://github.com/getsentry/sentry-android-gradle-plugin/pull/588), [#593](https://github.com/getsentry/sentry-android-gradle-plugin/pull/593), [#597](https://github.com/getsentry/sentry-android-gradle-plugin/pull/597))
+  - [changelog](https://github.com/getsentry/sentry-java/blob/main/CHANGELOG.md#700)
+  - [diff](https://github.com/getsentry/sentry-java/compare/6.32.0...7.0.0)
+- Bump CLI from v2.21.2 to v2.22.3 ([#598](https://github.com/getsentry/sentry-android-gradle-plugin/pull/598), [#600](https://github.com/getsentry/sentry-android-gradle-plugin/pull/600))
+  - [changelog](https://github.com/getsentry/sentry-cli/blob/master/CHANGELOG.md#2223)
+  - [diff](https://github.com/getsentry/sentry-cli/compare/2.21.2...2.22.3)
 
 ## 3.14.0
 
diff --git a/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/EditActivity.kt b/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/EditActivity.kt
index 8dd12511e..363a78ca5 100644
--- a/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/EditActivity.kt
+++ b/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/EditActivity.kt
@@ -7,6 +7,7 @@ import androidx.activity.ComponentActivity
 import androidx.appcompat.widget.Toolbar
 import io.sentry.Sentry
 import io.sentry.SpanStatus
+import io.sentry.TransactionOptions
 import io.sentry.samples.instrumentation.R
 import io.sentry.samples.instrumentation.SampleApp
 import io.sentry.samples.instrumentation.data.Track
@@ -36,7 +37,7 @@ class EditActivity : ComponentActivity() {
                 val transaction = Sentry.startTransaction(
                     "Track Interaction",
                     if (originalTrack == null) "ui.action.add" else "ui.action.edit",
-                    true
+                    TransactionOptions().apply { isBindToScope = true }
                 )
 
                 val name = nameInput.text.toString()
diff --git a/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/LyricsActivity.kt b/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/LyricsActivity.kt
index 6a4293371..d4acbd209 100644
--- a/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/LyricsActivity.kt
+++ b/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/LyricsActivity.kt
@@ -7,6 +7,7 @@ import androidx.activity.ComponentActivity
 import androidx.appcompat.widget.Toolbar
 import io.sentry.Sentry
 import io.sentry.SpanStatus
+import io.sentry.TransactionOptions
 import io.sentry.samples.instrumentation.R
 import io.sentry.samples.instrumentation.data.Track
 import io.sentry.samples.instrumentation.util.Filesystem
@@ -25,7 +26,7 @@ class LyricsActivity : ComponentActivity() {
         val transaction = Sentry.startTransaction(
             "Track Interaction",
             "ui.action.lyrics",
-            true
+            TransactionOptions().apply { isBindToScope = true }
         )
 
         lyricsInput = findViewById(R.id.lyrics)
@@ -46,7 +47,7 @@ class LyricsActivity : ComponentActivity() {
         val transaction = Sentry.getSpan() ?: Sentry.startTransaction(
             "Track Interaction",
             "ui.action.lyrics_finish",
-            true
+            TransactionOptions().apply { isBindToScope = true }
         )
         filesystem.write(this, "${track.id}.txt", lyricsInput.text.toString())
         transaction.finish(SpanStatus.OK)
diff --git a/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/MainActivity.kt b/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/MainActivity.kt
index b98716fba..51c48baf2 100644
--- a/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/MainActivity.kt
+++ b/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/MainActivity.kt
@@ -9,6 +9,7 @@ import androidx.recyclerview.widget.LinearLayoutManager
 import androidx.recyclerview.widget.RecyclerView
 import io.sentry.Sentry
 import io.sentry.SpanStatus
+import io.sentry.TransactionOptions
 import io.sentry.samples.instrumentation.R
 import io.sentry.samples.instrumentation.SampleApp
 import io.sentry.samples.instrumentation.network.TrackService
@@ -32,7 +33,7 @@ class MainActivity : ComponentActivity() {
             val transaction = Sentry.startTransaction(
                 "Track Interaction",
                 "ui.action.load",
-                true
+                TransactionOptions().apply { isBindToScope = true }
             )
             SampleApp.database.tracksDao()
                 .all()
diff --git a/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/list/TrackAdapter.kt b/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/list/TrackAdapter.kt
index c37c0247c..0f23e505c 100644
--- a/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/list/TrackAdapter.kt
+++ b/examples/android-instrumentation-sample/src/main/java/io/sentry/samples/instrumentation/ui/list/TrackAdapter.kt
@@ -8,6 +8,7 @@ import android.widget.ArrayAdapter
 import androidx.recyclerview.widget.RecyclerView
 import io.sentry.Sentry
 import io.sentry.SpanStatus
+import io.sentry.TransactionOptions
 import io.sentry.samples.instrumentation.R
 import io.sentry.samples.instrumentation.SampleApp
 import io.sentry.samples.instrumentation.data.Track
@@ -43,7 +44,7 @@ class TrackAdapter : RecyclerView.Adapter<TrackAdapter.ViewHolder>() {
             val transaction = Sentry.startTransaction(
                 "Track Interaction",
                 "ui.action.delete",
-                true
+                TransactionOptions().apply { isBindToScope = true }
             )
             runBlocking {
                 SampleApp.database.tracksDao().delete(data[holder.bindingAdapterPosition])
diff --git a/plugin-build/gradle.properties b/plugin-build/gradle.properties
index 318a64129..0f3fbbc4d 100644
--- a/plugin-build/gradle.properties
+++ b/plugin-build/gradle.properties
@@ -9,7 +9,7 @@ org.gradle.parallel=true
 name = sentry-android-gradle-plugin
 group = io.sentry
 version = 4.0.0-beta.1
-sdk_version = 6.34.0
+sdk_version = 7.0.0
 
 # publication pom properties
 POM_NAME=Sentry Android Gradle Plugin