diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0cf383f0d..ef9d7a74f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,7 @@
 # Unreleased
 
+# 5.0.0.beta4
+
 - Allow to call `subscribe`, `unsubscribe`, `psubscribe` and `punsubscribe` from a subscribed client. See #1131.
 - Fix `redis-clustering` gem to specify the dependency on `redis`
 
diff --git a/lib/redis/version.rb b/lib/redis/version.rb
index 775383bf0..e3d28c8ad 100644
--- a/lib/redis/version.rb
+++ b/lib/redis/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 class Redis
-  VERSION = '5.0.0.beta3'
+  VERSION = '5.0.0.beta4'
 end