diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2d426ebb12..3845a0be3d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # Changelog
 
+## 1.40.2
+
+### Various fixes & improvements
+
+- test: Fix `pytest` error (#2712) by @szokeasaurusrex
+- build(deps): bump types-protobuf from 4.24.0.4 to 4.24.0.20240129 (#2691) by @dependabot
+
 ## 1.40.1
 
 ### Various fixes & improvements
diff --git a/docs/conf.py b/docs/conf.py
index df2c709d46..8b89fdd2dc 100644
--- a/docs/conf.py
+++ b/docs/conf.py
@@ -30,7 +30,7 @@
 copyright = "2019-{}, Sentry Team and Contributors".format(datetime.now().year)
 author = "Sentry Team and Contributors"
 
-release = "1.40.1"
+release = "1.40.2"
 version = ".".join(release.split(".")[:2])  # The short X.Y version.
 
 
diff --git a/sentry_sdk/consts.py b/sentry_sdk/consts.py
index f615d78966..5bf56d4500 100644
--- a/sentry_sdk/consts.py
+++ b/sentry_sdk/consts.py
@@ -316,4 +316,4 @@ def _get_default_options():
 del _get_default_options
 
 
-VERSION = "1.40.1"
+VERSION = "1.40.2"
diff --git a/setup.py b/setup.py
index 864a831385..1d43280ee4 100644
--- a/setup.py
+++ b/setup.py
@@ -21,7 +21,7 @@ def get_file_text(file_name):
 
 setup(
     name="sentry-sdk",
-    version="1.40.1",
+    version="1.40.2",
     author="Sentry Team and Contributors",
     author_email="hello@sentry.io",
     url="https://github.com/getsentry/sentry-python",