diff --git a/.gitignore b/.gitignore
index 42c280a..ecd8f6f 100644
--- a/.gitignore
+++ b/.gitignore
@@ -15,3 +15,4 @@ PyYAML-3.09.tar.gz
 /5.2.tar.gz
 /5.3.tar.gz
 /5.3.1.tar.gz
+/5.4b1.tar.gz
diff --git a/PyYAML.spec b/PyYAML.spec
index 7b0a7e4..c11995f 100644
--- a/PyYAML.spec
+++ b/PyYAML.spec
@@ -6,9 +6,9 @@
 %endif
 
 Name:           PyYAML
-Version:        5.3.1
-Release:        5%{?dist}
-%global uversion %{version}
+Version:        5.4
+Release:        0.1.b1%{?dist}
+%global uversion %{version}b1
 Summary:        YAML parser and emitter for Python
 
 License:        MIT
@@ -72,7 +72,7 @@ Obsoletes:      python3-PyYAML < 4.1-5
 
 
 %prep
-%setup -q -n pyyaml-%{version}
+%setup -q -n pyyaml-%{uversion}
 chmod a-x examples/yaml-highlight/yaml_hl.py
 
 # remove pre-generated file
@@ -116,6 +116,9 @@ rm -rf ext/_yaml.c
 
 
 %changelog
+* Thu Jan 14 2021 John Eckersberg <jeckersb@redhat.com> - 5.4-0.1.b1
+- New upstream beta release 5.4b1 (rhbz#1916034)
+
 * Mon Nov 23 2020 Miro Hrončok <mhroncok@redhat.com> - 5.3.1-5
 - Disable Python 2 build on RHEL 9+
 
diff --git a/sources b/sources
index 210b3c1..4bcfa15 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (5.3.1.tar.gz) = 27d97e8493c7660c7c0c471e20a8aa46c85431e4559a98bcbdafc2bd89a67fd04c6f2090e54ff6b206c868b33635ef8be68070a4c25d17a25c97fd5ad3549556
+SHA512 (5.4b1.tar.gz) = 3eced24b715971228f0d3f3c793c6c8bc7bf259ead77e0ee552f3340fb449a7cc3ae0ec6ef95400784c2a5802a85c67defb61c6adfb7130a187cd4b3544471cf