diff --git a/package/version b/package/version
index 672e5f5b9..42de3749a 100644
--- a/package/version
+++ b/package/version
@@ -1 +1 @@
-1.0.39
+1.0.40
diff --git a/pyproject.toml b/pyproject.toml
index 56f5c3a13..a96cfb7f6 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -4,7 +4,7 @@ build-backend = "poetry.core.masonry.api"
 
 [tool.poetry]
 name = "kontrol"
-version = "1.0.39"
+version = "1.0.40"
 description = "Foundry integration for KEVM"
 authors = [
     "Runtime Verification, Inc. <contact@runtimeverification.com>",
diff --git a/src/kontrol/__init__.py b/src/kontrol/__init__.py
index 7f2a08005..c235ba363 100644
--- a/src/kontrol/__init__.py
+++ b/src/kontrol/__init__.py
@@ -5,4 +5,4 @@
 if TYPE_CHECKING:
     from typing import Final
 
-VERSION: Final = '1.0.39'
+VERSION: Final = '1.0.40'