diff --git a/CHANGELOG.md b/CHANGELOG.md
index c05d48fe9..0bc90b3cb 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,7 +2,7 @@
 
 Get upgrade notes from Sprockets 3.x to 4.x at https://github.com/rails/sprockets/blob/master/UPGRADING.md
 
-## Master
+## 4.0.3
 
 - Fix `Manifest#find` yielding from a Promise causing issue on Ruby 3.1.0-dev. [#720](https://github.com/rails/sprockets/pull/720)
 - Better detect the ERB version to avoid deprecation warnings. [#719](https://github.com/rails/sprockets/pull/719)
diff --git a/lib/sprockets/version.rb b/lib/sprockets/version.rb
index 1d8a69449..f8776a4de 100644
--- a/lib/sprockets/version.rb
+++ b/lib/sprockets/version.rb
@@ -1,4 +1,4 @@
 # frozen_string_literal: true
 module Sprockets
-  VERSION = "4.0.2"
+  VERSION = "4.0.3"
 end