diff --git a/gutenberg.php b/gutenberg.php
index 22ad77d55bf2b..ce3d4b810f83a 100644
--- a/gutenberg.php
+++ b/gutenberg.php
@@ -5,7 +5,7 @@
  * Description: Printing since 1440. This is the development plugin for the block editor, site editor, and other future WordPress core functionality.
  * Requires at least: 6.0
  * Requires PHP: 5.6
- * Version: 15.3.1
+ * Version: 15.4.0-rc.1
  * Author: Gutenberg Team
  * Text Domain: gutenberg
  *
diff --git a/package-lock.json b/package-lock.json
index 3d82cbdb65efe..0ad5466ceb106 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,6 +1,6 @@
 {
 	"name": "gutenberg",
-	"version": "15.3.1",
+	"version": "15.4.0-rc.1",
 	"lockfileVersion": 1,
 	"requires": true,
 	"dependencies": {
diff --git a/package.json b/package.json
index d27815e98a2e8..16b1e5478354c 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
 	"name": "gutenberg",
-	"version": "15.3.1",
+	"version": "15.4.0-rc.1",
 	"private": true,
 	"description": "A new WordPress editor experience.",
 	"author": "The WordPress Contributors",