diff --git a/CHANGELOG.md b/CHANGELOG.md
index 45509e565491..d0fbda0e9625 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -18,6 +18,7 @@ Inspired from [Keep a Changelog](https://keepachangelog.com/en/1.0.0/)
 - [CVE-2022-46175] Bumps json5 version from 1.0.1 and 2.2.1 to 1.0.2 and 2.2.3 ([#3201](https://github.com/opensearch-project/OpenSearch-Dashboards/pull/3201))
 - [CVE-2022-25860] Bumps simple-git from 3.15.1 to 3.16.0 ([#3345](https://github.com/opensearch-project/OpenSearch-Dashboards/pull/3345))
 - [Security] Bumps hapi/statehood to 7.0.4 ([#3411](https://github.com/opensearch-project/OpenSearch-Dashboards/pull/3411))
+- [CVE-2023-25166] Bump formula to 3.0.1 ([#3416](https://github.com/opensearch-project/OpenSearch-Dashboards/pull/3416))
 
 ### 📈 Features/Enhancements
 
diff --git a/yarn.lock b/yarn.lock
index 35c597fb8496..0fe724b4feb5 100644
--- a/yarn.lock
+++ b/yarn.lock
@@ -2540,9 +2540,9 @@
     "@hapi/hoek" "^9.0.0"
 
 "@sideway/formula@^3.0.0":
-  version "3.0.0"
-  resolved "https://registry.yarnpkg.com/@sideway/formula/-/formula-3.0.0.tgz#fe158aee32e6bd5de85044be615bc08478a0a13c"
-  integrity sha512-vHe7wZ4NOXVfkoRb8T5otiENVlT7a3IAiw7H5M2+GO+9CDgcVUUsX1zalAztCmwyOr2RUTGJdgB+ZvSVqmdHmg==
+  version "3.0.1"
+  resolved "https://registry.yarnpkg.com/@sideway/formula/-/formula-3.0.1.tgz#80fcbcbaf7ce031e0ef2dd29b1bfc7c3f583611f"
+  integrity sha512-/poHZJJVjx3L+zVD6g9KgHfYnb443oi7wLu/XKojDviHy6HOEOA6z1Trk5aR1dGcmPenJEgb2sK2I80LeS3MIg==
 
 "@sideway/pinpoint@^2.0.0":
   version "2.0.0"