diff --git a/VERSION b/VERSION
index 4a02d2c3170bd..17008736ca0b0 100644
--- a/VERSION
+++ b/VERSION
@@ -1 +1 @@
-1.16.2
+1.16.3-dev
diff --git a/docs/root/version_history/current.rst b/docs/root/version_history/current.rst
index b1af2497d4bda..7a589a9f34fe8 100644
--- a/docs/root/version_history/current.rst
+++ b/docs/root/version_history/current.rst
@@ -1,5 +1,5 @@
-1.16.2 (December 7, 2020)
-=========================
+1.16.3 (Pending)
+================
 
 Incompatible Behavior Changes
 -----------------------------
@@ -13,9 +13,6 @@ Bug Fixes
 ---------
 *Changes expected to improve the state of the world and are unlikely to have negative effects*
 
-* http: fixed URL parsing for HTTP/1.1 fully qualified URLs and connect requests containing IPv6 addresses.
-* vrp: allow supervisord to open its log file.
-
 Removed Config or Runtime
 -------------------------
 *Normally occurs at the end of the* :ref:`deprecation period <deprecated>`
diff --git a/docs/root/version_history/v1.16.2.rst b/docs/root/version_history/v1.16.2.rst
new file mode 100644
index 0000000000000..b1af2497d4bda
--- /dev/null
+++ b/docs/root/version_history/v1.16.2.rst
@@ -0,0 +1,27 @@
+1.16.2 (December 7, 2020)
+=========================
+
+Incompatible Behavior Changes
+-----------------------------
+*Changes that are expected to cause an incompatibility if applicable; deployment changes are likely required*
+
+Minor Behavior Changes
+----------------------
+*Changes that may cause incompatibilities for some users, but should not for most*
+
+Bug Fixes
+---------
+*Changes expected to improve the state of the world and are unlikely to have negative effects*
+
+* http: fixed URL parsing for HTTP/1.1 fully qualified URLs and connect requests containing IPv6 addresses.
+* vrp: allow supervisord to open its log file.
+
+Removed Config or Runtime
+-------------------------
+*Normally occurs at the end of the* :ref:`deprecation period <deprecated>`
+
+New Features
+------------
+
+Deprecated
+----------
diff --git a/docs/root/version_history/version_history.rst b/docs/root/version_history/version_history.rst
index c01875afafcc5..55bdaf928aeb7 100644
--- a/docs/root/version_history/version_history.rst
+++ b/docs/root/version_history/version_history.rst
@@ -7,6 +7,7 @@ Version history
   :titlesonly:
 
   current
+  v1.16.2
   v1.16.1
   v1.16.0
   v1.15.2