diff --git a/CHANGELOG.md b/CHANGELOG.md
index db3ad631fe3..012f91d04ca 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,91 @@
+## 0.4.0 (September 3, 2022)
+
+### Breaking Changes
+
+#### Renamed isReadOnly API to isEditable
+
+editor.isReadyOnly -> editor.isEditable()
+editor.setReadyOnly -> editor.setEditable()
+editor.registerReadOnlyListener -> editor.registerEditableListener()
+editor config { readOnly: true } -> { editable: boolean }
+
+https://github.com/facebook/lexical/pull/2912
+
+#### Markdown Transformers Require Dependencies
+
+The "dependencies" property is now required for custom markdown Element and TextMatch Transformers. It takes an array of LexicalNode subclasses and
+asserts that they're available in the editor when transforms are registered.
+
+https://github.com/facebook/lexical/pull/2910
+
+#### Selection Updates when isEditable is false (previous ReadOnly mode)
+
+Lexical will now track and update selection in response to DOM selectionchange events when editor.isEditable is false. This is necessary for enabling some behavior
+such as commenting via marks, but may cause other indirect changes such as update listeners firing when they didn't previously.
+
+- Ensure editor states are cloned if read only (#2936) Dominic Gannaway
+- Prevent nested editor event duplication (#2935) Dominic Gannaway
+- Avoid preventing default for copy events when there is no selection (#2930) Dominic Gannaway
+- Non-Editable Mode Playground Improvements (#2927) Acy Watson
+- fix: do not import LexicalTypeaheadMenuPlugin from src folder (#2928) Eric Charles
+- Change read only mode API to editable mode (#2912) Dominic Gannaway
+- Fix typo (#2925) Tjaart van der Walt
+- Remove redundant readonly checks. (#2921) Acy Watson
+- allow selection in readonly mode (#2920) Acy Watson
+- Remove $getEditor (#2919) Dominic Gannaway
+- Use window of current default view (#2918) Dominic Gannaway
+- Fix bad CSS on content editable container (#2917) Dominic Gannaway
+- Ensure we only mutate a non-readonly editor state (#2915) Dominic Gannaway
+- Fix failing build (#2916) John Flockton
+- Read only validation server (#2899) Dominic Gannaway
+- Add serialized node type exports (#2914) Matthew Lin
+- Provide markdown plugin node dependencies (#2910) Dominic Gannaway
+- Fixed typo (#2908) Heesung Jang
+- Add Flow Types for AutoEmbedPlugin and TypeaheadPlugin (#2904) Tyler Bainbridge
+- Fix link pasting (#2903) Maksim Horbachevsky
+- Attempt transform of NodeSelection to RangeSelection on mouseDown (#2901) Gerard Rovira
+- chore: add e2e tests for maxlength plugin (#2478) Adithya Vardhan
+- Added sanitizer to FloatingLinkEditor (#2900) Heesung Jang
+- Rename website folder (#2902) John Flockton
+- remove unnecessary text append (#2898) John Flockton
+- Fix Lexical package main entry points (#2897) Dominic Gannaway
+- Fix overriding keyboard controls on internal decorator (#2895) Dominic Gannaway
+- Allow code highlighting to run without active selection (#2891) Maksim Horbachevsky
+- Fix editor content clipping bug (#2890) Dominic Gannaway
+- LexicalTypeaheadMenuPlugin - Increase priority for keyboard commands (#2885) Theo Tillberg
+- Remove redundant css property (#2888) Adam Kona
+- Playground: Fix collab connect/disconnect toggling (#2887) Maksim Horbachevsky
+- Improve heuristics around node selection and keyboard navigation (#2884) Dominic Gannaway
+- Don't merge history entries from different editors (#2873) Acy Watson
+- Exported DEFAULT_TRANSFORMERS array in react LexicalMarkdownShortcutPlugin (#2878) Kevin Ansfield
+- Replaced `addTransform` with `registerNodeTransform` in transforms doc (#2882) Kevin Ansfield
+- add example for additional nodes in plugin (#2879) Stefan Huber
+- add the corresponding import to react doc (#2881) Stefan Huber
+- Fix playground visual styling (#2876) Dominic Gannaway
+- chore(deps): bump minimist in /packages/lexical-website-new (#2744) dependabot[bot]
+- chore(deps): bump terser from 5.14.1 to 5.14.2 (#2869) dependabot[bot]
+- Change linebreak node handling in insertNodes (#2857) Acy Watson
+- Add some React Docs (#2858) Acy Watson
+- fix delete backward bug (#2870) Dominic Gannaway
+- add watch mode for auto-gen doc comments in dev (#2859) Acy Watson
+- Update package-lock.json (#2866) ＡＮＤＲＩ Ｈ.Ｕ
+- Update package-lock.json (#2865) ＡＮＤＲＩ Ｈ.Ｕ
+- Fix issue with emoji (#2853) John Flockton
+- Adjust Typeahead Styles (#2846) Tyler Bainbridge
+- revert inadvertent change (#2849) Acy Watson
+- Fix small type issue (#2847) John Flockton
+- Wider (#2848) John Flockton
+- Add autogenerated TypeDoc docs (#2837) Acy Watson
+- fix: set cursor grab when image can be dragged (#2831) 子瞻 Luci
+- fix(lexical-playground): two issues with scrolling-related scenarios (#2724) 子瞻 Luci
+- fix: add fallback for code formatting (#2833) Adithya Vardhan
+- rename local variables (#2840) Acy Watson
+- fix broken links in docs (#2839) Reid Barber
+- Fixing grammar on RootNode documentation (#2838) Aaron Freeland
+- fix: transfer format and indent info on wrap (#2832) Adithya Vardhan
+- fixed getStyleObjectFromRawCSS to handle css values with a colon (#2814) Hayden Warmington
+- Add Panel to Display Props for DevTools Nodes (#2803) Will
+
 ## 0.3.11 (August 12, 2022)
 
 - fix more code imports (#2828) Acy Watson
diff --git a/package-lock.json b/package-lock.json
index f127e40cc6f..1b85e991573 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@lexical/monorepo",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "@lexical/monorepo",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "workspaces": [
         "packages/*"
@@ -4438,12 +4438,6 @@
       "resolved": "https://registry.npmjs.org/@types/mime/-/mime-1.3.2.tgz",
       "integrity": "sha512-YATxVxgRqNH6nHEIsvg6k2Boc1JHI9ZbH5iWFFv/MTkchz3b1ieGDa5T0a9RznNdI0KhVbdbWSN+KWWrQZRxTw=="
     },
-    "node_modules/@types/minimist": {
-      "version": "1.2.2",
-      "resolved": "https://registry.npmjs.org/@types/minimist/-/minimist-1.2.2.tgz",
-      "integrity": "sha512-jhuKLIRrhvCPLqwPcx6INqmKeiA5EWrsCOPhrlFSrbrmU4ZMPjj5Ul/oLCMDO98XRUIwVm78xICz4EPCektzeQ==",
-      "dev": true
-    },
     "node_modules/@types/ms": {
       "version": "0.7.31",
       "resolved": "https://registry.npmjs.org/@types/ms/-/ms-0.7.31.tgz",
@@ -23404,36 +23398,36 @@
       }
     },
     "packages/lexical": {
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT"
     },
     "packages/lexical-clipboard": {
       "name": "@lexical/clipboard",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/html": "0.3.11",
-        "@lexical/list": "0.3.11",
-        "@lexical/selection": "0.3.11",
-        "@lexical/utils": "0.3.11"
+        "@lexical/html": "0.4.0",
+        "@lexical/list": "0.4.0",
+        "@lexical/selection": "0.4.0",
+        "@lexical/utils": "0.4.0"
       },
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-code": {
       "name": "@lexical/code",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/utils": "0.3.11",
+        "@lexical/utils": "0.4.0",
         "prismjs": "^1.27.0"
       },
       "devDependencies": {
         "@types/prismjs": "^1.26.0"
       },
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-devtools": {
@@ -23471,157 +23465,157 @@
     },
     "packages/lexical-dragon": {
       "name": "@lexical/dragon",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-file": {
       "name": "@lexical/file",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-hashtag": {
       "name": "@lexical/hashtag",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/utils": "0.3.11"
+        "@lexical/utils": "0.4.0"
       },
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-headless": {
       "name": "@lexical/headless",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-history": {
       "name": "@lexical/history",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/utils": "0.3.11"
+        "@lexical/utils": "0.4.0"
       },
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-html": {
       "name": "@lexical/html",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/selection": "0.3.11"
+        "@lexical/selection": "0.4.0"
       },
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-link": {
       "name": "@lexical/link",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/utils": "0.3.11"
+        "@lexical/utils": "0.4.0"
       },
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-list": {
       "name": "@lexical/list",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/utils": "0.3.11"
+        "@lexical/utils": "0.4.0"
       },
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-mark": {
       "name": "@lexical/mark",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/utils": "0.3.11"
+        "@lexical/utils": "0.4.0"
       },
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-markdown": {
       "name": "@lexical/markdown",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/code": "0.3.11",
-        "@lexical/link": "0.3.11",
-        "@lexical/list": "0.3.11",
-        "@lexical/rich-text": "0.3.11",
-        "@lexical/text": "0.3.11",
-        "@lexical/utils": "0.3.11"
+        "@lexical/code": "0.4.0",
+        "@lexical/link": "0.4.0",
+        "@lexical/list": "0.4.0",
+        "@lexical/rich-text": "0.4.0",
+        "@lexical/text": "0.4.0",
+        "@lexical/utils": "0.4.0"
       },
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-offset": {
       "name": "@lexical/offset",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-overflow": {
       "name": "@lexical/overflow",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-plain-text": {
       "name": "@lexical/plain-text",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "peerDependencies": {
-        "@lexical/clipboard": "0.3.11",
-        "@lexical/selection": "0.3.11",
-        "@lexical/utils": "0.3.11",
-        "lexical": "0.3.11"
+        "@lexical/clipboard": "0.4.0",
+        "@lexical/selection": "0.4.0",
+        "@lexical/utils": "0.4.0",
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-playground": {
-      "version": "0.3.11",
+      "version": "0.4.0",
       "dependencies": {
         "@excalidraw/excalidraw": "0.11.0",
-        "@lexical/clipboard": "0.3.11",
-        "@lexical/code": "0.3.11",
-        "@lexical/file": "0.3.11",
-        "@lexical/hashtag": "0.3.11",
-        "@lexical/link": "0.3.11",
-        "@lexical/list": "0.3.11",
-        "@lexical/mark": "0.3.11",
-        "@lexical/overflow": "0.3.11",
-        "@lexical/plain-text": "0.3.11",
-        "@lexical/react": "0.3.11",
-        "@lexical/rich-text": "0.3.11",
-        "@lexical/selection": "0.3.11",
-        "@lexical/table": "0.3.11",
-        "@lexical/utils": "0.3.11",
+        "@lexical/clipboard": "0.4.0",
+        "@lexical/code": "0.4.0",
+        "@lexical/file": "0.4.0",
+        "@lexical/hashtag": "0.4.0",
+        "@lexical/link": "0.4.0",
+        "@lexical/list": "0.4.0",
+        "@lexical/mark": "0.4.0",
+        "@lexical/overflow": "0.4.0",
+        "@lexical/plain-text": "0.4.0",
+        "@lexical/react": "0.4.0",
+        "@lexical/rich-text": "0.4.0",
+        "@lexical/selection": "0.4.0",
+        "@lexical/table": "0.4.0",
+        "@lexical/utils": "0.4.0",
         "katex": "^0.15.2",
-        "lexical": "0.3.11",
+        "lexical": "0.4.0",
         "link-preview-generator": "1.0.7",
         "lodash-es": "^4.17.21",
         "prettier": "^2.3.2",
@@ -23632,7 +23626,6 @@
       },
       "devDependencies": {
         "@types/lodash-es": "^4.14.182",
-        "@types/minimist": "^1.2.2",
         "@vitejs/plugin-react": "^1.0.7",
         "vite": "^2.8.0",
         "vite-plugin-replace": "0.1.1"
@@ -23640,81 +23633,81 @@
     },
     "packages/lexical-react": {
       "name": "@lexical/react",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/clipboard": "0.3.11",
-        "@lexical/code": "0.3.11",
-        "@lexical/dragon": "0.3.11",
-        "@lexical/hashtag": "0.3.11",
-        "@lexical/history": "0.3.11",
-        "@lexical/link": "0.3.11",
-        "@lexical/list": "0.3.11",
-        "@lexical/mark": "0.3.11",
-        "@lexical/markdown": "0.3.11",
-        "@lexical/overflow": "0.3.11",
-        "@lexical/plain-text": "0.3.11",
-        "@lexical/rich-text": "0.3.11",
-        "@lexical/selection": "0.3.11",
-        "@lexical/table": "0.3.11",
-        "@lexical/text": "0.3.11",
-        "@lexical/utils": "0.3.11",
-        "@lexical/yjs": "0.3.11"
-      },
-      "peerDependencies": {
-        "lexical": "0.3.11",
+        "@lexical/clipboard": "0.4.0",
+        "@lexical/code": "0.4.0",
+        "@lexical/dragon": "0.4.0",
+        "@lexical/hashtag": "0.4.0",
+        "@lexical/history": "0.4.0",
+        "@lexical/link": "0.4.0",
+        "@lexical/list": "0.4.0",
+        "@lexical/mark": "0.4.0",
+        "@lexical/markdown": "0.4.0",
+        "@lexical/overflow": "0.4.0",
+        "@lexical/plain-text": "0.4.0",
+        "@lexical/rich-text": "0.4.0",
+        "@lexical/selection": "0.4.0",
+        "@lexical/table": "0.4.0",
+        "@lexical/text": "0.4.0",
+        "@lexical/utils": "0.4.0",
+        "@lexical/yjs": "0.4.0"
+      },
+      "peerDependencies": {
+        "lexical": "0.4.0",
         "react": ">=17.x",
         "react-dom": ">=17.x"
       }
     },
     "packages/lexical-rich-text": {
       "name": "@lexical/rich-text",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "peerDependencies": {
-        "@lexical/clipboard": "0.3.11",
-        "@lexical/selection": "0.3.11",
-        "@lexical/utils": "0.3.11",
-        "lexical": "0.3.11"
+        "@lexical/clipboard": "0.4.0",
+        "@lexical/selection": "0.4.0",
+        "@lexical/utils": "0.4.0",
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-selection": {
       "name": "@lexical/selection",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-table": {
       "name": "@lexical/table",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/utils": "0.3.11"
+        "@lexical/utils": "0.4.0"
       },
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-text": {
       "name": "@lexical/text",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-utils": {
       "name": "@lexical/utils",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/list": "0.3.11",
-        "@lexical/table": "0.3.11"
+        "@lexical/list": "0.4.0",
+        "@lexical/table": "0.4.0"
       },
       "peerDependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "packages/lexical-website": {
@@ -24695,13 +24688,13 @@
     },
     "packages/lexical-yjs": {
       "name": "@lexical/yjs",
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "@lexical/offset": "0.3.11"
+        "@lexical/offset": "0.4.0"
       },
       "peerDependencies": {
-        "lexical": "0.3.11",
+        "lexical": "0.4.0",
         "yjs": ">=13.5.22"
       }
     },
@@ -24730,10 +24723,10 @@
       }
     },
     "packages/shared": {
-      "version": "0.3.11",
+      "version": "0.4.0",
       "license": "MIT",
       "dependencies": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     }
   },
@@ -27010,16 +27003,16 @@
     "@lexical/clipboard": {
       "version": "file:packages/lexical-clipboard",
       "requires": {
-        "@lexical/html": "0.3.11",
-        "@lexical/list": "0.3.11",
-        "@lexical/selection": "0.3.11",
-        "@lexical/utils": "0.3.11"
+        "@lexical/html": "0.4.0",
+        "@lexical/list": "0.4.0",
+        "@lexical/selection": "0.4.0",
+        "@lexical/utils": "0.4.0"
       }
     },
     "@lexical/code": {
       "version": "file:packages/lexical-code",
       "requires": {
-        "@lexical/utils": "0.3.11",
+        "@lexical/utils": "0.4.0",
         "@types/prismjs": "^1.26.0",
         "prismjs": "^1.27.0"
       }
@@ -27033,7 +27026,7 @@
     "@lexical/hashtag": {
       "version": "file:packages/lexical-hashtag",
       "requires": {
-        "@lexical/utils": "0.3.11"
+        "@lexical/utils": "0.4.0"
       }
     },
     "@lexical/headless": {
@@ -27042,42 +27035,42 @@
     "@lexical/history": {
       "version": "file:packages/lexical-history",
       "requires": {
-        "@lexical/utils": "0.3.11"
+        "@lexical/utils": "0.4.0"
       }
     },
     "@lexical/html": {
       "version": "file:packages/lexical-html",
       "requires": {
-        "@lexical/selection": "0.3.11"
+        "@lexical/selection": "0.4.0"
       }
     },
     "@lexical/link": {
       "version": "file:packages/lexical-link",
       "requires": {
-        "@lexical/utils": "0.3.11"
+        "@lexical/utils": "0.4.0"
       }
     },
     "@lexical/list": {
       "version": "file:packages/lexical-list",
       "requires": {
-        "@lexical/utils": "0.3.11"
+        "@lexical/utils": "0.4.0"
       }
     },
     "@lexical/mark": {
       "version": "file:packages/lexical-mark",
       "requires": {
-        "@lexical/utils": "0.3.11"
+        "@lexical/utils": "0.4.0"
       }
     },
     "@lexical/markdown": {
       "version": "file:packages/lexical-markdown",
       "requires": {
-        "@lexical/code": "0.3.11",
-        "@lexical/link": "0.3.11",
-        "@lexical/list": "0.3.11",
-        "@lexical/rich-text": "0.3.11",
-        "@lexical/text": "0.3.11",
-        "@lexical/utils": "0.3.11"
+        "@lexical/code": "0.4.0",
+        "@lexical/link": "0.4.0",
+        "@lexical/list": "0.4.0",
+        "@lexical/rich-text": "0.4.0",
+        "@lexical/text": "0.4.0",
+        "@lexical/utils": "0.4.0"
       }
     },
     "@lexical/offset": {
@@ -27092,23 +27085,23 @@
     "@lexical/react": {
       "version": "file:packages/lexical-react",
       "requires": {
-        "@lexical/clipboard": "0.3.11",
-        "@lexical/code": "0.3.11",
-        "@lexical/dragon": "0.3.11",
-        "@lexical/hashtag": "0.3.11",
-        "@lexical/history": "0.3.11",
-        "@lexical/link": "0.3.11",
-        "@lexical/list": "0.3.11",
-        "@lexical/mark": "0.3.11",
-        "@lexical/markdown": "0.3.11",
-        "@lexical/overflow": "0.3.11",
-        "@lexical/plain-text": "0.3.11",
-        "@lexical/rich-text": "0.3.11",
-        "@lexical/selection": "0.3.11",
-        "@lexical/table": "0.3.11",
-        "@lexical/text": "0.3.11",
-        "@lexical/utils": "0.3.11",
-        "@lexical/yjs": "0.3.11"
+        "@lexical/clipboard": "0.4.0",
+        "@lexical/code": "0.4.0",
+        "@lexical/dragon": "0.4.0",
+        "@lexical/hashtag": "0.4.0",
+        "@lexical/history": "0.4.0",
+        "@lexical/link": "0.4.0",
+        "@lexical/list": "0.4.0",
+        "@lexical/mark": "0.4.0",
+        "@lexical/markdown": "0.4.0",
+        "@lexical/overflow": "0.4.0",
+        "@lexical/plain-text": "0.4.0",
+        "@lexical/rich-text": "0.4.0",
+        "@lexical/selection": "0.4.0",
+        "@lexical/table": "0.4.0",
+        "@lexical/text": "0.4.0",
+        "@lexical/utils": "0.4.0",
+        "@lexical/yjs": "0.4.0"
       }
     },
     "@lexical/rich-text": {
@@ -27120,7 +27113,7 @@
     "@lexical/table": {
       "version": "file:packages/lexical-table",
       "requires": {
-        "@lexical/utils": "0.3.11"
+        "@lexical/utils": "0.4.0"
       }
     },
     "@lexical/text": {
@@ -27129,8 +27122,8 @@
     "@lexical/utils": {
       "version": "file:packages/lexical-utils",
       "requires": {
-        "@lexical/list": "0.3.11",
-        "@lexical/table": "0.3.11"
+        "@lexical/list": "0.4.0",
+        "@lexical/table": "0.4.0"
       }
     },
     "@lexical/website": {
@@ -27838,7 +27831,7 @@
     "@lexical/yjs": {
       "version": "file:packages/lexical-yjs",
       "requires": {
-        "@lexical/offset": "0.3.11"
+        "@lexical/offset": "0.4.0"
       }
     },
     "@mdx-js/mdx": {
@@ -28676,12 +28669,6 @@
       "resolved": "https://registry.npmjs.org/@types/mime/-/mime-1.3.2.tgz",
       "integrity": "sha512-YATxVxgRqNH6nHEIsvg6k2Boc1JHI9ZbH5iWFFv/MTkchz3b1ieGDa5T0a9RznNdI0KhVbdbWSN+KWWrQZRxTw=="
     },
-    "@types/minimist": {
-      "version": "1.2.2",
-      "resolved": "https://registry.npmjs.org/@types/minimist/-/minimist-1.2.2.tgz",
-      "integrity": "sha512-jhuKLIRrhvCPLqwPcx6INqmKeiA5EWrsCOPhrlFSrbrmU4ZMPjj5Ul/oLCMDO98XRUIwVm78xICz4EPCektzeQ==",
-      "dev": true
-    },
     "@types/ms": {
       "version": "0.7.31",
       "resolved": "https://registry.npmjs.org/@types/ms/-/ms-0.7.31.tgz",
@@ -36503,25 +36490,24 @@
       "version": "file:packages/lexical-playground",
       "requires": {
         "@excalidraw/excalidraw": "0.11.0",
-        "@lexical/clipboard": "0.3.11",
-        "@lexical/code": "0.3.11",
-        "@lexical/file": "0.3.11",
-        "@lexical/hashtag": "0.3.11",
-        "@lexical/link": "0.3.11",
-        "@lexical/list": "0.3.11",
-        "@lexical/mark": "0.3.11",
-        "@lexical/overflow": "0.3.11",
-        "@lexical/plain-text": "0.3.11",
-        "@lexical/react": "0.3.11",
-        "@lexical/rich-text": "0.3.11",
-        "@lexical/selection": "0.3.11",
-        "@lexical/table": "0.3.11",
-        "@lexical/utils": "0.3.11",
+        "@lexical/clipboard": "0.4.0",
+        "@lexical/code": "0.4.0",
+        "@lexical/file": "0.4.0",
+        "@lexical/hashtag": "0.4.0",
+        "@lexical/link": "0.4.0",
+        "@lexical/list": "0.4.0",
+        "@lexical/mark": "0.4.0",
+        "@lexical/overflow": "0.4.0",
+        "@lexical/plain-text": "0.4.0",
+        "@lexical/react": "0.4.0",
+        "@lexical/rich-text": "0.4.0",
+        "@lexical/selection": "0.4.0",
+        "@lexical/table": "0.4.0",
+        "@lexical/utils": "0.4.0",
         "@types/lodash-es": "^4.14.182",
-        "@types/minimist": "^1.2.2",
         "@vitejs/plugin-react": "^1.0.7",
         "katex": "^0.15.2",
-        "lexical": "0.3.11",
+        "lexical": "0.4.0",
         "link-preview-generator": "1.0.7",
         "lodash-es": "^4.17.21",
         "prettier": "^2.3.2",
@@ -40059,7 +40045,7 @@
     "shared": {
       "version": "file:packages/shared",
       "requires": {
-        "lexical": "0.3.11"
+        "lexical": "0.4.0"
       }
     },
     "shebang-command": {
diff --git a/package.json b/package.json
index fe93f1efc20..76d1b8e3a00 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@lexical/monorepo",
   "description": "Lexical is an extensible text editor framework that provides excellent reliability, accessibility and performance.",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "license": "MIT",
   "private": true,
   "workspaces": [
diff --git a/packages/lexical-clipboard/package.json b/packages/lexical-clipboard/package.json
index f335894ed49..11ab4e18220 100644
--- a/packages/lexical-clipboard/package.json
+++ b/packages/lexical-clipboard/package.json
@@ -9,16 +9,16 @@
     "paste"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalClipboard.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "dependencies": {
-    "@lexical/utils": "0.3.11",
-    "@lexical/list": "0.3.11",
-    "@lexical/selection": "0.3.11",
-    "@lexical/html": "0.3.11"
+    "@lexical/utils": "0.4.0",
+    "@lexical/list": "0.4.0",
+    "@lexical/selection": "0.4.0",
+    "@lexical/html": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-code/package.json b/packages/lexical-code/package.json
index bfd13387f83..22c00b884ee 100644
--- a/packages/lexical-code/package.json
+++ b/packages/lexical-code/package.json
@@ -8,13 +8,13 @@
     "code"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalCode.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "dependencies": {
-    "@lexical/utils": "0.3.11",
+    "@lexical/utils": "0.4.0",
     "prismjs": "^1.27.0"
   },
   "repository": {
diff --git a/packages/lexical-dragon/package.json b/packages/lexical-dragon/package.json
index e7e4aaf9597..739d9c4b0b1 100644
--- a/packages/lexical-dragon/package.json
+++ b/packages/lexical-dragon/package.json
@@ -9,10 +9,10 @@
     "accessibility"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalDragon.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-file/package.json b/packages/lexical-file/package.json
index 2e07ed9b11e..8fa827ed36d 100644
--- a/packages/lexical-file/package.json
+++ b/packages/lexical-file/package.json
@@ -10,10 +10,10 @@
     "export"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalFile.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-hashtag/package.json b/packages/lexical-hashtag/package.json
index 31c190ce37e..13f9414d1fc 100644
--- a/packages/lexical-hashtag/package.json
+++ b/packages/lexical-hashtag/package.json
@@ -8,13 +8,13 @@
     "hashtag"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalHashtag.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "dependencies": {
-    "@lexical/utils": "0.3.11"
+    "@lexical/utils": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-headless/package.json b/packages/lexical-headless/package.json
index b587c0310b6..5080594881c 100644
--- a/packages/lexical-headless/package.json
+++ b/packages/lexical-headless/package.json
@@ -8,10 +8,10 @@
     "headless"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalHeadless.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-history/package.json b/packages/lexical-history/package.json
index 43a5584bf54..ff9843087cd 100644
--- a/packages/lexical-history/package.json
+++ b/packages/lexical-history/package.json
@@ -8,13 +8,13 @@
     "history"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalHistory.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "dependencies": {
-    "@lexical/utils": "0.3.11"
+    "@lexical/utils": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-html/package.json b/packages/lexical-html/package.json
index 39ae952044f..5d81b5ec299 100644
--- a/packages/lexical-html/package.json
+++ b/packages/lexical-html/package.json
@@ -8,10 +8,10 @@
     "html"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalHtml.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "repository": {
     "type": "git",
@@ -19,6 +19,6 @@
     "directory": "packages/lexical-html"
   },
   "dependencies": {
-    "@lexical/selection": "0.3.11"
+    "@lexical/selection": "0.4.0"
   }
 }
diff --git a/packages/lexical-link/package.json b/packages/lexical-link/package.json
index cf325747208..ffe581b76e1 100644
--- a/packages/lexical-link/package.json
+++ b/packages/lexical-link/package.json
@@ -8,13 +8,13 @@
     "link"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalLink.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "dependencies": {
-    "@lexical/utils": "0.3.11"
+    "@lexical/utils": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-list/package.json b/packages/lexical-list/package.json
index f06cb560c6c..eea5314760f 100644
--- a/packages/lexical-list/package.json
+++ b/packages/lexical-list/package.json
@@ -8,13 +8,13 @@
     "list"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalList.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "dependencies": {
-    "@lexical/utils": "0.3.11"
+    "@lexical/utils": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-mark/package.json b/packages/lexical-mark/package.json
index a85b83f8919..f3de960b119 100644
--- a/packages/lexical-mark/package.json
+++ b/packages/lexical-mark/package.json
@@ -8,13 +8,13 @@
     "mark"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalMark.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "dependencies": {
-    "@lexical/utils": "0.3.11"
+    "@lexical/utils": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-markdown/package.json b/packages/lexical-markdown/package.json
index 8ccda1f276f..1bc63eeb854 100644
--- a/packages/lexical-markdown/package.json
+++ b/packages/lexical-markdown/package.json
@@ -8,18 +8,18 @@
     "markdown"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalMarkdown.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "dependencies": {
-    "@lexical/utils": "0.3.11",
-    "@lexical/code": "0.3.11",
-    "@lexical/text": "0.3.11",
-    "@lexical/rich-text": "0.3.11",
-    "@lexical/list": "0.3.11",
-    "@lexical/link": "0.3.11"
+    "@lexical/utils": "0.4.0",
+    "@lexical/code": "0.4.0",
+    "@lexical/text": "0.4.0",
+    "@lexical/rich-text": "0.4.0",
+    "@lexical/list": "0.4.0",
+    "@lexical/link": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-offset/package.json b/packages/lexical-offset/package.json
index 264d4c9fc48..05dbd1bf8a1 100644
--- a/packages/lexical-offset/package.json
+++ b/packages/lexical-offset/package.json
@@ -8,10 +8,10 @@
     "offset"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalOffset.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-overflow/package.json b/packages/lexical-overflow/package.json
index 281b3c8cb99..4ac47a2e01c 100644
--- a/packages/lexical-overflow/package.json
+++ b/packages/lexical-overflow/package.json
@@ -8,10 +8,10 @@
     "overflow"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalOverflow.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-plain-text/package.json b/packages/lexical-plain-text/package.json
index 0d48c2bd86a..995c8d6ec9a 100644
--- a/packages/lexical-plain-text/package.json
+++ b/packages/lexical-plain-text/package.json
@@ -7,13 +7,13 @@
     "plain-text"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalPlainText.js",
   "peerDependencies": {
-    "lexical": "0.3.11",
-    "@lexical/utils": "0.3.11",
-    "@lexical/selection": "0.3.11",
-    "@lexical/clipboard": "0.3.11"
+    "lexical": "0.4.0",
+    "@lexical/utils": "0.4.0",
+    "@lexical/selection": "0.4.0",
+    "@lexical/clipboard": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-playground/package.json b/packages/lexical-playground/package.json
index f68be6b2a5f..0d43c91a17a 100644
--- a/packages/lexical-playground/package.json
+++ b/packages/lexical-playground/package.json
@@ -1,6 +1,6 @@
 {
   "name": "lexical-playground",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "private": true,
   "scripts": {
     "dev": "vite --host",
@@ -11,22 +11,22 @@
   },
   "dependencies": {
     "@excalidraw/excalidraw": "0.11.0",
-    "@lexical/clipboard": "0.3.11",
-    "@lexical/code": "0.3.11",
-    "@lexical/file": "0.3.11",
-    "@lexical/hashtag": "0.3.11",
-    "@lexical/link": "0.3.11",
-    "@lexical/list": "0.3.11",
-    "@lexical/mark": "0.3.11",
-    "@lexical/overflow": "0.3.11",
-    "@lexical/plain-text": "0.3.11",
-    "@lexical/react": "0.3.11",
-    "@lexical/rich-text": "0.3.11",
-    "@lexical/selection": "0.3.11",
-    "@lexical/table": "0.3.11",
-    "@lexical/utils": "0.3.11",
+    "@lexical/clipboard": "0.4.0",
+    "@lexical/code": "0.4.0",
+    "@lexical/file": "0.4.0",
+    "@lexical/hashtag": "0.4.0",
+    "@lexical/link": "0.4.0",
+    "@lexical/list": "0.4.0",
+    "@lexical/mark": "0.4.0",
+    "@lexical/overflow": "0.4.0",
+    "@lexical/plain-text": "0.4.0",
+    "@lexical/react": "0.4.0",
+    "@lexical/rich-text": "0.4.0",
+    "@lexical/selection": "0.4.0",
+    "@lexical/table": "0.4.0",
+    "@lexical/utils": "0.4.0",
     "katex": "^0.15.2",
-    "lexical": "0.3.11",
+    "lexical": "0.4.0",
     "link-preview-generator": "1.0.7",
     "lodash-es": "^4.17.21",
     "prettier": "^2.3.2",
diff --git a/packages/lexical-react/flow/LexicalOnChangePlugin.js.flow b/packages/lexical-react/flow/LexicalOnChangePlugin.js.flow
index 4841e449872..4186fc21bf0 100644
--- a/packages/lexical-react/flow/LexicalOnChangePlugin.js.flow
+++ b/packages/lexical-react/flow/LexicalOnChangePlugin.js.flow
@@ -11,7 +11,7 @@ import type {EditorState, LexicalEditor} from 'lexical';
 
 declare export function OnChangePlugin({
   ignoreHistoryMergeTagChange?: boolean,
-  // TODO 0.4 remove
+  // TODO 0.5 remove
   ignoreInitialChange?: boolean,
   ignoreSelectionChange?: boolean,
   onChange: (editorState: EditorState, editor: LexicalEditor) => void,
diff --git a/packages/lexical-react/package.json b/packages/lexical-react/package.json
index 01a9e82c5a0..9d416ce56d8 100644
--- a/packages/lexical-react/package.json
+++ b/packages/lexical-react/package.json
@@ -8,28 +8,28 @@
     "rich-text"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "dependencies": {
-    "@lexical/clipboard": "0.3.11",
-    "@lexical/code": "0.3.11",
-    "@lexical/dragon": "0.3.11",
-    "@lexical/hashtag": "0.3.11",
-    "@lexical/history": "0.3.11",
-    "@lexical/link": "0.3.11",
-    "@lexical/list": "0.3.11",
-    "@lexical/mark": "0.3.11",
-    "@lexical/markdown": "0.3.11",
-    "@lexical/overflow": "0.3.11",
-    "@lexical/plain-text": "0.3.11",
-    "@lexical/rich-text": "0.3.11",
-    "@lexical/selection": "0.3.11",
-    "@lexical/table": "0.3.11",
-    "@lexical/text": "0.3.11",
-    "@lexical/utils": "0.3.11",
-    "@lexical/yjs": "0.3.11"
+    "@lexical/clipboard": "0.4.0",
+    "@lexical/code": "0.4.0",
+    "@lexical/dragon": "0.4.0",
+    "@lexical/hashtag": "0.4.0",
+    "@lexical/history": "0.4.0",
+    "@lexical/link": "0.4.0",
+    "@lexical/list": "0.4.0",
+    "@lexical/mark": "0.4.0",
+    "@lexical/markdown": "0.4.0",
+    "@lexical/overflow": "0.4.0",
+    "@lexical/plain-text": "0.4.0",
+    "@lexical/rich-text": "0.4.0",
+    "@lexical/selection": "0.4.0",
+    "@lexical/table": "0.4.0",
+    "@lexical/text": "0.4.0",
+    "@lexical/utils": "0.4.0",
+    "@lexical/yjs": "0.4.0"
   },
   "peerDependencies": {
-    "lexical": "0.3.11",
+    "lexical": "0.4.0",
     "react": ">=17.x",
     "react-dom": ">=17.x"
   },
diff --git a/packages/lexical-react/src/LexicalOnChangePlugin.ts b/packages/lexical-react/src/LexicalOnChangePlugin.ts
index 24519aa44b9..21096d74cc5 100644
--- a/packages/lexical-react/src/LexicalOnChangePlugin.ts
+++ b/packages/lexical-react/src/LexicalOnChangePlugin.ts
@@ -12,14 +12,14 @@ import {useLexicalComposerContext} from '@lexical/react/LexicalComposerContext';
 import useLayoutEffect from 'shared/useLayoutEffect';
 
 export function OnChangePlugin({
-  // TODO 0.4 flip to true
+  // TODO 0.5 flip to true
   ignoreHistoryMergeTagChange = false,
   ignoreInitialChange = true,
   ignoreSelectionChange = false,
   onChange,
 }: {
   ignoreHistoryMergeTagChange?: boolean;
-  // TODO 0.4 remove
+  // TODO 0.5 remove
   ignoreInitialChange?: boolean;
   ignoreSelectionChange?: boolean;
   onChange: (editorState: EditorState, editor: LexicalEditor) => void;
diff --git a/packages/lexical-rich-text/package.json b/packages/lexical-rich-text/package.json
index 31954215a18..e88fb97fce6 100644
--- a/packages/lexical-rich-text/package.json
+++ b/packages/lexical-rich-text/package.json
@@ -7,13 +7,13 @@
     "rich-text"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalRichText.js",
   "peerDependencies": {
-    "lexical": "0.3.11",
-    "@lexical/selection": "0.3.11",
-    "@lexical/clipboard": "0.3.11",
-    "@lexical/utils": "0.3.11"
+    "lexical": "0.4.0",
+    "@lexical/selection": "0.4.0",
+    "@lexical/clipboard": "0.4.0",
+    "@lexical/utils": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-selection/package.json b/packages/lexical-selection/package.json
index 7f637063349..db9e35f3183 100644
--- a/packages/lexical-selection/package.json
+++ b/packages/lexical-selection/package.json
@@ -9,10 +9,10 @@
     "selection"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalSelection.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-table/package.json b/packages/lexical-table/package.json
index 6f79b6a89f3..40832c558b5 100644
--- a/packages/lexical-table/package.json
+++ b/packages/lexical-table/package.json
@@ -8,13 +8,13 @@
     "table"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalTable.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "dependencies": {
-    "@lexical/utils": "0.3.11"
+    "@lexical/utils": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-text/package.json b/packages/lexical-text/package.json
index 7306170bd5a..7165b740551 100644
--- a/packages/lexical-text/package.json
+++ b/packages/lexical-text/package.json
@@ -9,10 +9,10 @@
     "text"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalText.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-text/src/index.ts b/packages/lexical-text/src/index.ts
index 51d3c7c6e66..f576da3a34d 100644
--- a/packages/lexical-text/src/index.ts
+++ b/packages/lexical-text/src/index.ts
@@ -211,7 +211,7 @@ export function $rootTextContent(): string {
 
 export function $canShowPlaceholder(
   isComposing: boolean,
-  // TODO 0.4 make mandatory
+  // TODO 0.5 make mandatory
   isEditable = true,
 ): boolean {
   if (!isEditable || !$isRootTextContentEmpty(isComposing, false)) {
@@ -256,7 +256,7 @@ export function $canShowPlaceholder(
 
 export function $canShowPlaceholderCurry(
   isEditorComposing: boolean,
-  // TODO 0.4 make mandatory
+  // TODO 0.5 make mandatory
   isEditable = true,
 ): () => boolean {
   return () => $canShowPlaceholder(isEditorComposing, isEditable);
diff --git a/packages/lexical-utils/package.json b/packages/lexical-utils/package.json
index ac5c36069a5..d3bdaea21fd 100644
--- a/packages/lexical-utils/package.json
+++ b/packages/lexical-utils/package.json
@@ -8,14 +8,14 @@
     "utils"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalUtils.js",
   "peerDependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "dependencies": {
-    "@lexical/list": "0.3.11",
-    "@lexical/table": "0.3.11"
+    "@lexical/list": "0.4.0",
+    "@lexical/table": "0.4.0"
   },
   "repository": {
     "type": "git",
diff --git a/packages/lexical-yjs/package.json b/packages/lexical-yjs/package.json
index a6c62171af9..7e422740e46 100644
--- a/packages/lexical-yjs/package.json
+++ b/packages/lexical-yjs/package.json
@@ -11,13 +11,13 @@
     "crdt"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "LexicalYjs.js",
   "dependencies": {
-    "@lexical/offset": "0.3.11"
+    "@lexical/offset": "0.4.0"
   },
   "peerDependencies": {
-    "lexical": "0.3.11",
+    "lexical": "0.4.0",
     "yjs": ">=13.5.22"
   },
   "repository": {
diff --git a/packages/lexical/package.json b/packages/lexical/package.json
index 2a1ee6dd11a..c7b5e88dd9b 100644
--- a/packages/lexical/package.json
+++ b/packages/lexical/package.json
@@ -9,7 +9,7 @@
     "rich-text"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "main": "Lexical.js",
   "repository": {
     "type": "git",
diff --git a/packages/lexical/src/LexicalVersion.ts b/packages/lexical/src/LexicalVersion.ts
index ac5ce92947b..25b92fb2849 100644
--- a/packages/lexical/src/LexicalVersion.ts
+++ b/packages/lexical/src/LexicalVersion.ts
@@ -6,4 +6,4 @@
  *
  */
 
-export const VERSION = '0.3.11';
+export const VERSION = '0.4.0';
diff --git a/packages/lexical/src/nodes/LexicalTextNode.ts b/packages/lexical/src/nodes/LexicalTextNode.ts
index ee988ec28db..4750fb7838f 100644
--- a/packages/lexical/src/nodes/LexicalTextNode.ts
+++ b/packages/lexical/src/nodes/LexicalTextNode.ts
@@ -508,7 +508,7 @@ export class TextNode extends LexicalNode {
     return;
   }
 
-  // TODO 0.4 This should just be a `string`.
+  // TODO 0.5 This should just be a `string`.
   setFormat(format: TextFormatType | number): this {
     const self = this.getWritable();
     self.__format =
@@ -516,7 +516,7 @@ export class TextNode extends LexicalNode {
     return self;
   }
 
-  // TODO 0.4 This should just be a `string`.
+  // TODO 0.5 This should just be a `string`.
   setDetail(detail: TextDetailType | number): this {
     const self = this.getWritable();
     self.__detail =
diff --git a/packages/shared/package.json b/packages/shared/package.json
index e7c41b03b10..de3e72b494b 100644
--- a/packages/shared/package.json
+++ b/packages/shared/package.json
@@ -8,9 +8,9 @@
     "rich-text"
   ],
   "license": "MIT",
-  "version": "0.3.11",
+  "version": "0.4.0",
   "dependencies": {
-    "lexical": "0.3.11"
+    "lexical": "0.4.0"
   },
   "repository": {
     "type": "git",