diff --git a/CHANGES.md b/CHANGES.md
index 56fd19c864..2b3a8c7711 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,3 +1,9 @@
+# 5.0.3 - 2021-06-08
+
+(brakeman gem release only)
+
+* Update bundled `ruby_parser` to include argument forwarding support
+
 # 5.0.2 - 2021-06-07
 
 * Fix Loofah version check
diff --git a/lib/brakeman/version.rb b/lib/brakeman/version.rb
index 943c081847..4497b38dc1 100644
--- a/lib/brakeman/version.rb
+++ b/lib/brakeman/version.rb
@@ -1,3 +1,3 @@
 module Brakeman
-  Version = "5.0.2"
+  Version = "5.0.3"
 end