diff --git a/change/react-native-windows-30013505-dc60-4d9a-aa8e-83051db839fe.json b/change/react-native-windows-30013505-dc60-4d9a-aa8e-83051db839fe.json
deleted file mode 100644
index 2640180060b..00000000000
--- a/change/react-native-windows-30013505-dc60-4d9a-aa8e-83051db839fe.json
+++ /dev/null
@@ -1,7 +0,0 @@
-{
-  "type": "patch",
-  "comment": "Change Hermes package version to 0.1.21",
-  "packageName": "react-native-windows",
-  "email": "vmorozov@microsoft.com",
-  "dependentChangeType": "patch"
-}
diff --git a/packages/@react-native-windows/automation-channel/package.json b/packages/@react-native-windows/automation-channel/package.json
index e916541931c..7f11da42849 100644
--- a/packages/@react-native-windows/automation-channel/package.json
+++ b/packages/@react-native-windows/automation-channel/package.json
@@ -32,7 +32,7 @@
     "prettier": "2.8.8",
     "react": "18.2.0",
     "react-native": "0.74.1",
-    "react-native-windows": "0.74.3",
+    "react-native-windows": "0.74.4",
     "typescript": "5.0.4"
   },
   "files": [
diff --git a/packages/@react-native-windows/tester/package.json b/packages/@react-native-windows/tester/package.json
index de7453bc907..5ba1b604e9c 100644
--- a/packages/@react-native-windows/tester/package.json
+++ b/packages/@react-native-windows/tester/package.json
@@ -19,7 +19,7 @@
     "@react-native-picker/picker": "2.4.10",
     "react": "18.0.0",
     "react-native": "^0.74.0",
-    "react-native-windows": "0.74.3",
+    "react-native-windows": "0.74.4",
     "react-native-xaml": "^0.0.78"
   },
   "devDependencies": {
@@ -33,7 +33,7 @@
     "just-scripts": "^1.3.3",
     "react-native": "0.74.1",
     "react-native-platform-override": "^1.9.25",
-    "react-native-windows": "0.74.3",
+    "react-native-windows": "0.74.4",
     "typescript": "5.0.4"
   },
   "engines": {
diff --git a/packages/e2e-test-app-fabric/package.json b/packages/e2e-test-app-fabric/package.json
index c31310d01a2..867308a89a0 100644
--- a/packages/e2e-test-app-fabric/package.json
+++ b/packages/e2e-test-app-fabric/package.json
@@ -21,7 +21,7 @@
     "@typescript-eslint/parser": "^5.21.0",
     "react": "18.2.0",
     "react-native": "0.74.1",
-    "react-native-windows": "0.74.3"
+    "react-native-windows": "0.74.4"
   },
   "devDependencies": {
     "@babel/core": "^7.20.0",
diff --git a/packages/e2e-test-app/package.json b/packages/e2e-test-app/package.json
index be74d44fc25..28c117065f0 100644
--- a/packages/e2e-test-app/package.json
+++ b/packages/e2e-test-app/package.json
@@ -21,7 +21,7 @@
     "@typescript-eslint/parser": "^5.21.0",
     "react": "18.2.0",
     "react-native": "0.74.1",
-    "react-native-windows": "0.74.3",
+    "react-native-windows": "0.74.4",
     "react-native-xaml": "^0.0.78"
   },
   "devDependencies": {
diff --git a/packages/integration-test-app/package.json b/packages/integration-test-app/package.json
index fd35d077168..1379ce93549 100644
--- a/packages/integration-test-app/package.json
+++ b/packages/integration-test-app/package.json
@@ -18,7 +18,7 @@
     "chai": "^4.2.0",
     "react": "18.2.0",
     "react-native": "0.74.1",
-    "react-native-windows": "0.74.3"
+    "react-native-windows": "0.74.4"
   },
   "devDependencies": {
     "@babel/core": "^7.20.0",
diff --git a/packages/playground/package.json b/packages/playground/package.json
index ca9c5b7bbe9..0d08f2a1acf 100644
--- a/packages/playground/package.json
+++ b/packages/playground/package.json
@@ -17,7 +17,7 @@
     "@typescript-eslint/parser": "^5.21.0",
     "react": "18.2.0",
     "react-native": "0.74.1",
-    "react-native-windows": "0.74.3"
+    "react-native-windows": "0.74.4"
   },
   "devDependencies": {
     "@babel/core": "^7.20.0",
diff --git a/packages/sample-apps/package.json b/packages/sample-apps/package.json
index 5d10cb81c4b..b8d1f86a1d4 100644
--- a/packages/sample-apps/package.json
+++ b/packages/sample-apps/package.json
@@ -17,7 +17,7 @@
     "@typescript-eslint/parser": "^5.57.1",
     "react": "18.2.0",
     "react-native": "0.74.1",
-    "react-native-windows": "0.74.3"
+    "react-native-windows": "0.74.4"
   },
   "devDependencies": {
     "@babel/core": "^7.20.0",
diff --git a/vnext/CHANGELOG.json b/vnext/CHANGELOG.json
index d4028359ca8..3b2d86a4001 100644
--- a/vnext/CHANGELOG.json
+++ b/vnext/CHANGELOG.json
@@ -1,6 +1,21 @@
 {
   "name": "react-native-windows",
   "entries": [
+    {
+      "date": "Mon, 13 May 2024 15:17:50 GMT",
+      "version": "0.74.4",
+      "tag": "react-native-windows_v0.74.4",
+      "comments": {
+        "patch": [
+          {
+            "author": "vmorozov@microsoft.com",
+            "package": "react-native-windows",
+            "commit": "785c8734e6b203a669bd504846488c89ed5352aa",
+            "comment": "Change Hermes package version to 0.1.21"
+          }
+        ]
+      }
+    },
     {
       "date": "Wed, 08 May 2024 22:08:13 GMT",
       "version": "0.74.3",
diff --git a/vnext/CHANGELOG.md b/vnext/CHANGELOG.md
index 3563bb2e618..3555a551d35 100644
--- a/vnext/CHANGELOG.md
+++ b/vnext/CHANGELOG.md
@@ -1,9 +1,17 @@
 # Change Log - react-native-windows
 
-This log was last generated on Wed, 08 May 2024 22:08:13 GMT and should not be manually modified.
+This log was last generated on Mon, 13 May 2024 15:17:50 GMT and should not be manually modified.
 
 <!-- Start content -->
 
+## 0.74.4
+
+Mon, 13 May 2024 15:17:50 GMT
+
+### Patches
+
+- Change Hermes package version to 0.1.21 (vmorozov@microsoft.com)
+
 ## 0.74.3
 
 Wed, 08 May 2024 22:08:13 GMT
diff --git a/vnext/PropertySheets/Generated/PackageVersion.g.props b/vnext/PropertySheets/Generated/PackageVersion.g.props
index b9f88bbaf62..74dd20810a3 100644
--- a/vnext/PropertySheets/Generated/PackageVersion.g.props
+++ b/vnext/PropertySheets/Generated/PackageVersion.g.props
@@ -10,11 +10,11 @@
 -->
 <Project xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
   <PropertyGroup>
-    <ReactNativeWindowsVersion>0.74.3</ReactNativeWindowsVersion>
+    <ReactNativeWindowsVersion>0.74.4</ReactNativeWindowsVersion>
     <ReactNativeWindowsMajor>0</ReactNativeWindowsMajor>
     <ReactNativeWindowsMinor>74</ReactNativeWindowsMinor>
-    <ReactNativeWindowsPatch>3</ReactNativeWindowsPatch>
+    <ReactNativeWindowsPatch>4</ReactNativeWindowsPatch>
     <ReactNativeWindowsCanary>false</ReactNativeWindowsCanary>
-    <ReactNativeWindowsCommitId>6e935c2cf39436706361e0e612454fafe20f6d66</ReactNativeWindowsCommitId>
+    <ReactNativeWindowsCommitId>785c8734e6b203a669bd504846488c89ed5352aa</ReactNativeWindowsCommitId>
   </PropertyGroup>
 </Project>
\ No newline at end of file
diff --git a/vnext/package.json b/vnext/package.json
index 738c5790e5a..1ff3501f308 100644
--- a/vnext/package.json
+++ b/vnext/package.json
@@ -1,6 +1,6 @@
 {
   "name": "react-native-windows",
-  "version": "0.74.3",
+  "version": "0.74.4",
   "license": "MIT",
   "repository": {
     "type": "git",