diff --git a/CHANGELOG.md b/CHANGELOG.md
index f94a43aca..0640253e9 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,12 @@
 # PowerShell Editor Services Release History
 
+## v4.1.0
+### Wednesday, December 04, 2024
+
+See more details at the GitHub Release for [v4.1.0](https://github.com/PowerShell/PowerShellEditorServices/releases/tag/v4.1.0).
+
+Debugger optimizations and incremental build support!
+
 ## v4.0.0
 ### Monday, November 18, 2024
 
diff --git a/PowerShellEditorServices.Common.props b/PowerShellEditorServices.Common.props
index 1bc5e8f5c..010fe2a8c 100644
--- a/PowerShellEditorServices.Common.props
+++ b/PowerShellEditorServices.Common.props
@@ -1,6 +1,6 @@
 <Project>
   <PropertyGroup>
-    <VersionPrefix>4.0.0</VersionPrefix>
+    <VersionPrefix>4.1.0</VersionPrefix>
     <VersionSuffix></VersionSuffix>
     <Company>Microsoft</Company>
     <Copyright>© Microsoft Corporation.</Copyright>
diff --git a/module/PowerShellEditorServices/PowerShellEditorServices.psd1 b/module/PowerShellEditorServices/PowerShellEditorServices.psd1
index f93cdb035..c71dc1dfe 100644
--- a/module/PowerShellEditorServices/PowerShellEditorServices.psd1
+++ b/module/PowerShellEditorServices/PowerShellEditorServices.psd1
@@ -19,7 +19,7 @@ RootModule = if ($PSEdition -eq 'Core')
     }
 
 # Version number of this module.
-ModuleVersion = '4.0.0'
+ModuleVersion = '4.1.0'
 
 # ID used to uniquely identify this module
 GUID = '9ca15887-53a2-479a-9cda-48d26bcb6c47'