diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2f820a047..69813644d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,9 @@
 # OverReact Changelog
 
+## 5.4.0
+- [#941] Add Dart wrapper for React [lazy](https://react.dev/reference/react/lazy)
+- [#952] Docs: fix diagram formatting in null safety migration guide
+
 ## 5.3.3
 - [#951] Internal CI fixes
 
diff --git a/pubspec.yaml b/pubspec.yaml
index 6c4002692..07c4b28ed 100644
--- a/pubspec.yaml
+++ b/pubspec.yaml
@@ -1,5 +1,5 @@
 name: over_react
-version: 5.3.3
+version: 5.4.0
 description: A library for building statically-typed React UI components using Dart.
 homepage: https://github.com/Workiva/over_react/
 environment:
diff --git a/tools/analyzer_plugin/pubspec.yaml b/tools/analyzer_plugin/pubspec.yaml
index 331e23ac3..eb0ff8bf9 100644
--- a/tools/analyzer_plugin/pubspec.yaml
+++ b/tools/analyzer_plugin/pubspec.yaml
@@ -13,7 +13,7 @@ dependencies:
   # Upon release, this should be pinned to the over_react version from ../../pubspec.yaml
   # so that it always resolves to the same version of over_react that the user has pulled in,
   # and thus has the same boilerplate parsing code that's running in the builder.
-  over_react: 5.3.3
+  over_react: 5.4.0
   path: ^1.5.1
   source_span: ^1.7.0
   yaml: ^3.0.0