diff --git a/Makefile b/Makefile
index c5d8277d870..160ab17d95b 100644
--- a/Makefile
+++ b/Makefile
@@ -10,7 +10,7 @@
 # Naming convention:
 #	for stable releases we use "1.0.0" format
 #   for pre-releases, we use   "1.0.0-beta.2" format
-VERSION=4.0.0-rc.1
+VERSION=4.0.0-rc.2
 
 # These are standard autotools variables, don't change them please
 BUILDDIR ?= build
diff --git a/version.go b/version.go
index ef3c356f408..c319d11c8a0 100644
--- a/version.go
+++ b/version.go
@@ -3,7 +3,7 @@
 package teleport
 
 const (
-	Version = "4.0.0-rc.1"
+	Version = "4.0.0-rc.2"
 )
 
 // Gitref variable is automatically set to the output of git-describe