diff --git a/.version b/.version
index e230c839..1e20ec35 100644
--- a/.version
+++ b/.version
@@ -1 +1 @@
-5.3.0
\ No newline at end of file
+5.4.0
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 061116ae..025b7318 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # Change Log
 
+## [5.4.0](https://github.com/auth0/auth0-python/tree/5.4.0) (2026-05-04)
+[Full Changelog](https://github.com/auth0/auth0-python/compare/5.3.0...5.4.0)
+
+**Added**
+- chore: Add events module, async token support, and connection retry resilience [\#835](https://github.com/auth0/auth0-python/pull/835) ([fern-api[bot]](https://github.com/apps/fern-api))
+
+**Changed**
+- [fern-replay] Initialize Replay for SDK customizations [\#833](https://github.com/auth0/auth0-python/pull/833) ([fern-api[bot]](https://github.com/apps/fern-api), [developerkunal](https://github.com/developerkunal))
+
+**Fixed**
+- fix: Add top-level `py.typed` marker to resolve IDE import errors [\#829](https://github.com/auth0/auth0-python/pull/829) ([kishore7snehil](https://github.com/kishore7snehil))
+
 ## [5.3.0](https://github.com/auth0/auth0-python/tree/5.3.0) (2026-04-09)
 [Full Changelog](https://github.com/auth0/auth0-python/compare/5.2.0...5.3.0)
 
diff --git a/pyproject.toml b/pyproject.toml
index eabea62d..c96a12b6 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -3,7 +3,7 @@ name = "auth0-python"
 
 [tool.poetry]
 name = "auth0-python"
-version = "5.3.0"
+version = "5.4.0"
 description = "Auth0 Python SDK - Management and Authentication APIs"
 readme = "README.md"
 authors = ["Auth0 <support@auth0.com>"]