diff --git a/DESCRIPTION b/DESCRIPTION
index 4a0e03f..a5beba7 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,6 +1,6 @@
 Package: textshaping
 Title: Bindings to the 'HarfBuzz' and 'Fribidi' Libraries for Text Shaping
-Version: 0.3.7.9000
+Version: 0.4.0
 Authors@R: c(
     person("Thomas Lin", "Pedersen", , "thomas.pedersen@posit.co", role = c("cre", "aut"),
            comment = c(ORCID = "0000-0002-5147-4711")),
diff --git a/NEWS.md b/NEWS.md
index 323751e..92e6b2c 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,4 +1,4 @@
-# textshaping (development version)
+# textshaping 0.4.0
 
 * Full rewrite of `shape_text()` to allow proper font-fallback, bidi text
   support, support for font-features, spacers, new align settings, etc.