diff --git a/DESCRIPTION b/DESCRIPTION
index d826645..eaf5d54 100644
--- a/DESCRIPTION
+++ b/DESCRIPTION
@@ -1,7 +1,7 @@
 Package: later
 Type: Package
 Title: Utilities for Scheduling Functions to Execute Later with Event Loops
-Version: 1.3.2.9001
+Version: 1.4.0
 Authors@R: c(
     person("Winston", "Chang", role = c("aut", "cre"), email = "winston@posit.co"),
     person("Joe", "Cheng", role = c("aut"), email = "joe@posit.co"),
diff --git a/NEWS.md b/NEWS.md
index be075d7..cb1a850 100644
--- a/NEWS.md
+++ b/NEWS.md
@@ -1,4 +1,4 @@
-# later (development version)
+# later 1.4.0
 
 * Adds `later_fd()` which executes a function when a file descriptor is ready for reading or writing, at some indeterminate time in the future (subject to an optional timeout). This facilitates an event-driven approach to asynchronous or streaming downloads. (@shikokuchuo and @jcheng5, #190)