diff --git a/CHANGELOG.md b/CHANGELOG.md
index ff502dfb4e..59b8998a72 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,7 @@
 # CHANGELOG
 
+## Release 127.0.4 (in development)
+
 ## Release 127.0.3
 
 ### Enhancements
diff --git a/VERSION b/VERSION
index ef5f23e7ec..88ff777c27 100644
--- a/VERSION
+++ b/VERSION
@@ -1,4 +1,4 @@
 VERSION_MAJOR=127
 VERSION_MINOR=0
-VERSION_PATCH=3
-VERSION_SUFFIX=
+VERSION_PATCH=4
+VERSION_SUFFIX=-dev