diff --git a/Directory.Build.props b/Directory.Build.props
index dce399ba3..dd7a0eba4 100644
--- a/Directory.Build.props
+++ b/Directory.Build.props
@@ -2,7 +2,7 @@
   <PropertyGroup>
     <!--This should be passed from the VSTS build-->
     <!-- This needs to be greater than or equal to the validation baseline version -->
-    <MicrosoftIdentityWebVersion Condition="'$(MicrosoftIdentityWebVersion)' == ''">3.9.2</MicrosoftIdentityWebVersion>
+    <MicrosoftIdentityWebVersion Condition="'$(MicrosoftIdentityWebVersion)' == ''">3.9.3</MicrosoftIdentityWebVersion>
     <!--This will generate AssemblyVersion, AssemblyFileVersion and AssemblyInformationVersion-->
     <Version>$(MicrosoftIdentityWebVersion)</Version>
 
@@ -78,7 +78,7 @@
   </PropertyGroup>
 
   <PropertyGroup Label="Common dependency versions">
-    <MicrosoftIdentityModelVersion Condition="'$(MicrosoftIdentityModelVersion)' == ''">8.11.0</MicrosoftIdentityModelVersion>
+    <MicrosoftIdentityModelVersion Condition="'$(MicrosoftIdentityModelVersion)' == ''">8.12.0</MicrosoftIdentityModelVersion>
     <MicrosoftIdentityClientVersion Condition="'$(MicrosoftIdentityClientVersion)' == ''">4.72.1</MicrosoftIdentityClientVersion>
     <FxCopAnalyzersVersion>3.3.0</FxCopAnalyzersVersion>
     <SystemTextEncodingsWebVersion>4.7.2</SystemTextEncodingsWebVersion>
diff --git a/changelog.md b/changelog.md
index fd2bde595..11fc058f8 100644
--- a/changelog.md
+++ b/changelog.md
@@ -1,3 +1,14 @@
+3.9.3
+=======
+### Package updates
+- Microsoft.IdentityModel updated to version [8.12.0](https://github.com/AzureAD/azure-activedirectory-identitymodel-extensions-for-dotnet/releases/tag/8.12.0).
+
+### Fundamentals
+- Add `.clinerules` to help with AI tooling.
+- **Update PublicApiAnalyzers and BannedApiAnalyzers to 4.14.0**  
+  Upgraded analyzer packages for improved diagnostics and code consistency (in particular delegates are added).  
+  For details see [#3379](https://github.com/AzureAD/microsoft-identity-web/pull/3379)  
+  
 3.9.2
 =======
 ### Package updates