diff --git a/CHANGELOG.md b/CHANGELOG.md
index 673813b7..56f20cf2 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,11 +2,13 @@
 
 Note: For changes to the API, see https://shopify.dev/changelog?filter=api
 ## Unreleased
-- [#1443](https://github.com/Shopify/shopify-api-ruby/pull/1443) Add `ShopifyAPI::Utils::ShopValidator` (module) with `sanitize_shop_domain` and `sanitize!`.
-- [#1443](https://github.com/Shopify/shopify-api-ruby/pull/1443) `ShopifyAPI::Auth::TokenExchange.exchange_token` always uses the session token's `dest` claim, instead of the `shop` parameter, that is now deprecated. It will show a deprecation warning and the argument will be removed in the next major version.
-- [#1454](https://github.com/Shopify/shopify-api-ruby/pull/1454) Add support for 2026-07 API version
-- [#1457](https://github.com/Shopify/shopify-api-ruby/pull/1457) Add support for the 2026-10 API version. REST resources for 2026-10 are not bundled yet; the GraphQL Admin API and the REST client are unaffected.
-- [#1457](https://github.com/Shopify/shopify-api-ruby/pull/1457) Referencing a REST resource for an API version whose resources aren't bundled now raises `ShopifyAPI::Errors::RestResourceNotLoadedError` (a `NameError` subclass) explaining the version gap, instead of a bare `uninitialized constant`.
+
+## 16.3.0 (2026-08-04)
+- [#1443](https://github.com/Shopify/shopify-api-ruby/pull/1443) Add `ShopifyAPI::Utils::ShopValidator` with `sanitize_shop_domain` and `sanitize!`.
+- [#1443](https://github.com/Shopify/shopify-api-ruby/pull/1443) Derive the target shop for `ShopifyAPI::Auth::TokenExchange.exchange_token` from the session token's `dest` claim. The `shop` argument is now deprecated and will be removed in the next major version.
+- [#1454](https://github.com/Shopify/shopify-api-ruby/pull/1454) Add generated REST resource classes for the 2026-07 API version.
+- [#1457](https://github.com/Shopify/shopify-api-ruby/pull/1457) Allow GraphQL Admin API and direct REST clients to target the 2026-10 API version. Generated REST resource classes for 2026-10 are not bundled yet.
+- [#1457](https://github.com/Shopify/shopify-api-ruby/pull/1457) Raise `ShopifyAPI::Errors::RestResourceNotLoadedError` (a `NameError` subclass) with version-specific guidance when generated REST resources aren't bundled, instead of a bare `uninitialized constant` error.
 
 ## 16.2.0 (2026-04-13)
 - [#1442](https://github.com/Shopify/shopify-api-ruby/pull/1442) Add support for 2026-04 API version
diff --git a/Gemfile.lock b/Gemfile.lock
index 48279350..101e9cb2 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,7 +1,7 @@
 PATH
   remote: .
   specs:
-    shopify_api (16.2.0)
+    shopify_api (16.3.0)
       activesupport
       addressable (~> 2.7)
       concurrent-ruby
diff --git a/lib/shopify_api/version.rb b/lib/shopify_api/version.rb
index 06311e57..8b3a2327 100644
--- a/lib/shopify_api/version.rb
+++ b/lib/shopify_api/version.rb
@@ -2,5 +2,5 @@
 # frozen_string_literal: true
 
 module ShopifyAPI
-  VERSION = "16.2.0"
+  VERSION = "16.3.0"
 end