diff --git a/.gitignore b/.gitignore
index e36f46f..a15940e 100644
--- a/.gitignore
+++ b/.gitignore
@@ -146,3 +146,4 @@
 /gnome-shell-extensions-40.0.tar.xz
 /gnome-shell-extensions-40.1.tar.xz
 /gnome-shell-extensions-40.2.tar.xz
+/gnome-shell-extensions-40.3.tar.xz
diff --git a/backport-drive-menu-fix.patch b/backport-drive-menu-fix.patch
new file mode 100644
index 0000000..15b6f89
--- /dev/null
+++ b/backport-drive-menu-fix.patch
@@ -0,0 +1,76 @@
+From cc021589b848077811b592bbe2d23a60525a85bf Mon Sep 17 00:00:00 2001
+From: =?UTF-8?q?Florian=20M=C3=BCllner?= <fmuellner@gnome.org>
+Date: Tue, 13 Jul 2021 11:40:31 +0200
+Subject: [PATCH 1/2] drive-menu: Fix indicator visibility
+
+Commit 519269be9d made the check for network mounts non-blocking, and
+we now update the indicator's visibility before a newly-added network
+mount is hidden.
+
+Address this by monitoring the item itself for visibility changes.
+
+Part-of: <https://gitlab.gnome.org/GNOME/gnome-shell-extensions/-/merge_requests/176>
+---
+ extensions/drive-menu/extension.js | 2 ++
+ 1 file changed, 2 insertions(+)
+
+diff --git a/extensions/drive-menu/extension.js b/extensions/drive-menu/extension.js
+index 3fac2360..6c6fd763 100644
+--- a/extensions/drive-menu/extension.js
++++ b/extensions/drive-menu/extension.js
+@@ -189,6 +189,8 @@ class DriveMenu extends PanelMenu.Button {
+         let item = new MountMenuItem(mount);
+         this._mounts.unshift(item);
+         this.menu.addMenuItem(item, 0);
++
++        item.connect('notify::visible', () => this._updateMenuVisibility());
+     }
+ 
+     _removeMount(mount) {
+-- 
+2.31.1
+
+
+From 15c83db79379532b72df1989463fc102a90fdfc2 Mon Sep 17 00:00:00 2001
+From: =?UTF-8?q?Florian=20M=C3=BCllner?= <fmuellner@gnome.org>
+Date: Tue, 13 Jul 2021 11:54:21 +0200
+Subject: [PATCH 2/2] drive-menu: Hide items initially
+
+Now that the check for network mounts is non-blocking, the initial
+sync doesn't take effect immediately. We don't want hidden items
+to briefly flash the indicator, so create them initially hidden.
+
+Part-of: <https://gitlab.gnome.org/GNOME/gnome-shell-extensions/-/merge_requests/176>
+---
+ extensions/drive-menu/extension.js | 8 ++++----
+ 1 file changed, 4 insertions(+), 4 deletions(-)
+
+diff --git a/extensions/drive-menu/extension.js b/extensions/drive-menu/extension.js
+index 6c6fd763..f60dab75 100644
+--- a/extensions/drive-menu/extension.js
++++ b/extensions/drive-menu/extension.js
+@@ -41,6 +41,8 @@ class MountMenuItem extends PopupMenu.PopupBaseMenuItem {
+         ejectButton.connect('clicked', this._eject.bind(this));
+         this.add(ejectButton);
+ 
++        this.hide();
++
+         this._changedId = mount.connect('changed', this._syncVisibility.bind(this));
+         this._syncVisibility();
+     }
+@@ -155,10 +157,8 @@ class DriveMenu extends PanelMenu.Button {
+         this.add_child(icon);
+ 
+         this._monitor = Gio.VolumeMonitor.get();
+-        this._addedId = this._monitor.connect('mount-added', (monitor, mount) => {
+-            this._addMount(mount);
+-            this._updateMenuVisibility();
+-        });
++        this._addedId = this._monitor.connect('mount-added',
++            (monitor, mount) => this._addMount(mount));
+         this._removedId = this._monitor.connect('mount-removed', (monitor, mount) => {
+             this._removeMount(mount);
+             this._updateMenuVisibility();
+-- 
+2.31.1
+
diff --git a/gnome-shell-extensions.spec b/gnome-shell-extensions.spec
index 8ba7046..bb72c65 100644
--- a/gnome-shell-extensions.spec
+++ b/gnome-shell-extensions.spec
@@ -6,7 +6,7 @@
 %global tarball_version %%(echo %{version} | tr '~' '.')
 
 Name:           gnome-shell-extensions
-Version:        40.2
+Version:        40.3
 Release:        1%{?dist}
 Summary:        Modify and extend GNOME Shell functionality and behavior
 
@@ -29,6 +29,7 @@ Patch006: 0001-Include-top-icons-in-classic-session.patch
 Patch007: 0001-desktop-icons-Update-Japanese-translation.patch
 Patch008: desktop-icons-40-fixes.patch
 Patch009: 0001-top-icons-Don-t-use-wm_class-as-role.patch
+Patch010: backport-drive-menu-fix.patch
 
 %description
 GNOME Shell Extensions is a collection of extensions providing additional and
@@ -349,6 +350,10 @@ workspaces.
 
 
 %changelog
+* Mon Jul 19 2021 Florian Müllner <fmuellner@redhat.com> - 40.3-1
+- Update to 40.3
+  Resolves: #1983551
+
 * Tue Jun 15 2021 Florian Müllner <fmuellner@redhat.com> - 40.2-1
 - Update to 40.2
   Resolves: #1971431
diff --git a/sources b/sources
index 1550b93..896c497 100644
--- a/sources
+++ b/sources
@@ -1 +1 @@
-SHA512 (gnome-shell-extensions-40.2.tar.xz) = f02a02a8410e77e8c8b0a764bb7949727974e9a4c0125ac2b6e68c1b20b663ef2de82ddaaed882dd5ffb3a6fd9898b372b6201d53da33f11677c32e82272d2aa
+SHA512 (gnome-shell-extensions-40.3.tar.xz) = 3773b0a5ec81b6663a3b2c5f5d1f8e7619fdba49ce67b25ee0f5555d17ea7c9740c3698b7a4e4f7fa78241c8738663c602cb5ed1ff9874b8ad2321fec0dbc737