diff --git a/ballerina/Ballerina.toml b/ballerina/Ballerina.toml
index aaa7f02..99291a5 100644
--- a/ballerina/Ballerina.toml
+++ b/ballerina/Ballerina.toml
@@ -1,11 +1,11 @@
 [package]
 org = "ballerinai"
 name = "observe"
-version = "1.3.0"
+version = "1.4.0"
 distribution = "2201.11.0"
 
 [platform.java21]
 graalvmCompatible = true
 
 [[platform.java21.dependency]]
-path = "../native/build/libs/observe-internal-native-1.3.0.jar"
+path = "../native/build/libs/observe-internal-native-1.4.0-SNAPSHOT.jar"
diff --git a/gradle.properties b/gradle.properties
index ef57f66..a3de505 100644
--- a/gradle.properties
+++ b/gradle.properties
@@ -14,7 +14,7 @@
 
 org.gradle.caching=true
 group=io.ballerina
-version=1.3.1-SNAPSHOT
+version=1.4.0-SNAPSHOT
 
 ballerinaLangVersion=2201.11.0-20241121-075100-c4c87cbc
 githubSpotbugsVersion=6.0.18