diff --git a/doc/conf.py b/doc/conf.py
index a6e80e22..2f9b09ca 100644
--- a/doc/conf.py
+++ b/doc/conf.py
@@ -53,7 +53,7 @@ copyright = u'2016, Red Hat, Inc.'
 # The short X.Y version.
 version = '4.1'
 # The full version, including alpha/beta/rc tags.
-release = '4.1.39'
+release = '4.1.40'
 
 # The language for content autogenerated by Sphinx. Refer to documentation
 # for a list of supported languages.
diff --git a/pungi.spec b/pungi.spec
index c036888c..89f15206 100644
--- a/pungi.spec
+++ b/pungi.spec
@@ -1,5 +1,5 @@
 Name:           pungi
-Version:        4.1.39
+Version:        4.1.40
 Release:        1%{?dist}
 Summary:        Distribution compose tool
 
@@ -111,6 +111,36 @@ nosetests --exe
 cd tests && ./test_compose.sh
 
 %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)
+
 * Mon Sep 09 2019 Lubomír Sedlář <lsedlar@redhat.com> - 4.1.39-1
 - Fix getting platforms from lookaside (lsedlar)
 - extra-files: Simplify iterating over variants (lsedlar)
diff --git a/setup.py b/setup.py
index 7eddb361..25790559 100755
--- a/setup.py
+++ b/setup.py
@@ -25,7 +25,7 @@ packages = sorted(packages)
 
 setup(
     name            = "pungi",
-    version         = "4.1.39",
+    version         = "4.1.40",
     description     = "Distribution compose tool",
     url             = "https://pagure.io/pungi",
     author          = "Dennis Gilmore",