diff --git a/pungi.spec b/pungi.spec
index 4acfd7b2..9d32a57a 100644
--- a/pungi.spec
+++ b/pungi.spec
@@ -1,16 +1,13 @@
 %{?python_enable_dependency_generator}
 
 Name:           pungi
-Version:        4.1.39
-Release:        5%{?dist}
+Version:        4.1.40
+Release:        1%{?dist}
 Summary:        Distribution compose tool
 
 License:        GPLv2
 URL:            https://pagure.io/pungi
 Source0:        https://pagure.io/releases/%{name}/%{name}-%{version}.tar.bz2
-Patch0:         0001-Allow-loading-overrides-for-module-defaults.patch
-Patch1:         https://pagure.io/pungi/pull-request/1278.patch
-Patch2:         https://pagure.io/pungi/pull-request/1281.patch
 
 BuildRequires:  python3-nose
 BuildRequires:  python3-mock
@@ -30,7 +27,6 @@ BuildRequires:  python3-jsonschema
 BuildRequires:  python3-libcomps
 BuildRequires:  python3-kobo
 BuildRequires:  python3-koji
-BuildRequires:  python3-unittest2
 BuildRequires:  lorax
 BuildRequires:  python3-PyYAML
 BuildRequires:  python3-libmodulemd >= 2.8.0
@@ -145,6 +141,36 @@ nosetests-3 --exe
 %{_bindir}/%{name}-wait-for-signed-ostree-handler
 
 %changelog
+* Wed Oct 23 2019 Lubomír Sedlář <lsedlar@redhat.com> - 4.1.40-1
+- pkgset: Only reuse valid old repo (lsedlar)
+- Clean up skipping phases (hlin)
+- Fix crash on unsigned packages (hlin)
+- doc: Make it clear that the field 'repo' has to be empty for 'file' backend
+  (juliana.rodrigueiro)
+- gather: Make depsolving parallel (hlin)
+- doc: Add full examples of compose configuration (lsedlar)
+- ostree-install: allow configuring additional depenencies for runroot
+  (otaylor)
+- buildinstall: Allow customizing dracut arguments (lsedlar)
+- Use custom assertion for checking content of files (lsedlar)
+- Drop custom ANY object (lsedlar)
+- Remove usage of unittest2 on Python 3 (lsedlar)
+- Remove shebangs from test files (lsedlar)
+- gather: Resolve dependencies of debug packages (lsedlar)
+- gather: Fix bare except block (lsedlar)
+- gather: Fix formatting (lsedlar)
+- gather: Simplify adding packages to result (lsedlar)
+- gather: Remove unused import (lsedlar)
+- Regenerate test fixture repo (lsedlar)
+- Move import of modulemd to a separate module (lsedlar)
+- ostree: Run commands in universal_newlines mode (lsedlar)
+- pkgset: Allow filtering modules from Koji tags (lsedlar)
+- pkgset: Initialize path_prefix to empty value (lsedlar)
+- Allow loading overrides for module defaults (lsedlar)
+- Move pkgset skipping logs to separate file (hlin)
+- Fix crash when pkgset phase is skipped (lsedlar)
+- Resolve symlinks to images (lsedlar)
+
 * Thu Oct 17 2019 Lubomír Sedlář <lsedlar@redhat.com> - 4.1.39-5
 - Add https://pagure.io/pungi/pull-request/1281
 
diff --git a/sources b/sources
index 2480aeff..699d985a 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (pungi-4.1.39.tar.bz2) = 9fa67c2b175d5f9dfe0ef66b56f749354f7283366e2483498e096951b2704a7209995d8524d09c75fe919c31e5bbb40394fb5bb06a462aa9d1177a13cfd6ea9c
+SHA512 (pungi-4.1.40.tar.bz2) = 0f1a0445f6a995b541e44afdd7a81bdfecbcb71212a35af26763bd8bfbc1e76b59d565080d5d88f46b4ad907e65b3a78ff153dfb3a5609f5c19fa0752fe1fad4