diff --git a/CHANGELOG.md b/CHANGELOG.md
index 5d45cd5d83..56b63a2cb8 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,7 @@
-## HEAD
+## 10.3.1: October 4th, 2022
 
-* [Full changelog](https://github.com/roots/sage/compare/v10.3.0...main)
+* [Release notes](https://github.com/roots/sage/releases/tag/v10.3.1)
+* [Full changelog](https://github.com/roots/sage/compare/v10.3.0...v10.3.1)
 
 ## 10.3.0: September 28th, 2022
 
diff --git a/style.css b/style.css
index 311683cd6c..3914c0bbcb 100644
--- a/style.css
+++ b/style.css
@@ -2,7 +2,7 @@
 Theme Name:         Sage Starter Theme
 Theme URI:          https://roots.io/sage/
 Description:        Sage is a WordPress starter theme.
-Version:            10.x-dev
+Version:            10.3.1
 Author:             Roots
 Author URI:         https://roots.io/
 Text Domain:        sage