diff --git a/python/pynessie/__init__.py b/python/pynessie/__init__.py
index 48209414f1d..d90c20ccee2 100644
--- a/python/pynessie/__init__.py
+++ b/python/pynessie/__init__.py
@@ -24,7 +24,7 @@
 
 __author__ = """Project Nessie"""
 __email__ = "nessie-release-builder@dremio.com"
-__version__ = "0.40.1"
+__version__ = "0.40.0"
 
 
 def get_config(config_dir: str = None, args: dict = None) -> confuse.Configuration:
diff --git a/python/setup.cfg b/python/setup.cfg
index 42ef2c1e4cb..6b06bf00acf 100644
--- a/python/setup.cfg
+++ b/python/setup.cfg
@@ -1,5 +1,5 @@
 [bumpversion]
-current_version = 0.40.1
+current_version = 0.40.0
 commit = False
 tag = False
 
diff --git a/python/setup.py b/python/setup.py
index 3dd523d6852..b8af15b2753 100644
--- a/python/setup.py
+++ b/python/setup.py
@@ -71,6 +71,6 @@
     name="pynessie",
     packages=find_packages(include=["pynessie", "pynessie.*"]),
     url="https://github.com/projectnessie/nessie",
-    version="0.40.1",
+    version="0.40.0",
     zip_safe=False,
 )
diff --git a/ui/package-lock.json b/ui/package-lock.json
index 24873116d0e..38d4e341206 100644
--- a/ui/package-lock.json
+++ b/ui/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "nessie-ui",
-  "version": "0.40.1-snapshot",
+  "version": "0.40.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "nessie-ui",
-      "version": "0.40.1-snapshot",
+      "version": "0.40.0",
       "dependencies": {
         "@material-ui/core": "^4.12.4",
         "@material-ui/icons": "^4.11.3",
diff --git a/ui/package.json b/ui/package.json
index 17db520c023..d09bbdb9a65 100644
--- a/ui/package.json
+++ b/ui/package.json
@@ -1,6 +1,6 @@
 {
   "name": "nessie-ui",
-  "version": "0.40.1-snapshot",
+  "version": "0.40.0",
   "lockfileVersion": 2,
   "private": true,
   "dependencies": {
diff --git a/version.txt b/version.txt
index 708f26c7184..9b0025a7850 100644
--- a/version.txt
+++ b/version.txt
@@ -1 +1 @@
-0.40.1-SNAPSHOT
+0.40.0