diff --git a/CMakeLists.txt b/CMakeLists.txt
index 629f70dc6e..5aadbd1ffb 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -111,9 +111,9 @@ set_property(CACHE CMAKE_BUILD_TYPE PROPERTY
 # If not in a git repo (e.g., a tarball) these tokens define the complete
 # version string, else they are combined with the result of `git describe`.
 set(NVIM_VERSION_MAJOR 0)
-set(NVIM_VERSION_MINOR 3)
-set(NVIM_VERSION_PATCH 2)
-set(NVIM_VERSION_PRERELEASE "") # for package maintainers
+set(NVIM_VERSION_MINOR 4)
+set(NVIM_VERSION_PATCH 0)
+set(NVIM_VERSION_PRERELEASE "-dev") # for package maintainers
 
 # API level
 set(NVIM_API_LEVEL 5)         # Bump this after any API change.