diff --git a/configure.ac b/configure.ac
index 9e7b1abcc..4070c2176 100644
--- a/configure.ac
+++ b/configure.ac
@@ -3,7 +3,7 @@
 # All right reserved.
 
 AC_COPYRIGHT([Copyright (C) 2014-2023 wolfSSL Inc.])
-AC_INIT([wolfssh],[1.4.15],[support@wolfssl.com],[wolfssh],[https://www.wolfssl.com])
+AC_INIT([wolfssh],[1.4.16],[support@wolfssl.com],[wolfssh],[https://www.wolfssl.com])
 AC_PREREQ([2.63])
 AC_CONFIG_AUX_DIR([build-aux])
 
@@ -18,7 +18,7 @@ AC_ARG_PROGRAM
 AC_CONFIG_MACRO_DIR([m4])
 AC_CONFIG_HEADERS([config.h])
 
-WOLFSSH_LIBRARY_VERSION=15:2:7
+WOLFSSH_LIBRARY_VERSION=15:3:8
 #                       | | |
 #                +------+ | +---+
 #                |        |     |
diff --git a/wolfssh/version.h b/wolfssh/version.h
index 3c3e9cfdc..34fdb11a9 100644
--- a/wolfssh/version.h
+++ b/wolfssh/version.h
@@ -35,8 +35,8 @@
 extern "C" {
 #endif
 
-#define LIBWOLFSSH_VERSION_STRING "1.4.15"
-#define LIBWOLFSSH_VERSION_HEX 0x01004015
+#define LIBWOLFSSH_VERSION_STRING "1.4.16"
+#define LIBWOLFSSH_VERSION_HEX 0x01004016
 
 #ifdef __cplusplus
 }