diff --git a/CHANGES.md b/CHANGES.md
index ea0ce473d5..f22f351818 100644
--- a/CHANGES.md
+++ b/CHANGES.md
@@ -1,5 +1,6 @@
-# Unreleased
+# 5.4.0 - 2022-11-17
 
+* Use relative paths for CodeClimate report format (Mike Poage)
 * Add check for weak RSA key sizes and padding modes
 * Handle multiple values and splats in case/when
 * Ignore more model methods in redirects
diff --git a/lib/brakeman/version.rb b/lib/brakeman/version.rb
index 40709667fb..1435f78692 100644
--- a/lib/brakeman/version.rb
+++ b/lib/brakeman/version.rb
@@ -1,3 +1,3 @@
 module Brakeman
-  Version = "5.3.1"
+  Version = "5.4.0"
 end