diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0d889b144c..e6fa413c6d 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,10 @@
+## [4.16.3](https://github.com/adobe/coral-spectrum/compare/v4.16.2...v4.16.3) (2024-07-30)
+
+
+### Bug Fixes
+
+* **Accessibility:** Drag and Drop feature is not keyboard accessible ([#346](https://github.com/adobe/coral-spectrum/issues/346)) ([d762873](https://github.com/adobe/coral-spectrum/commit/d7628735a25e8597eabbacff59aa5dec6c47cfd2))
+
 ## [4.16.2](https://github.com/adobe/coral-spectrum/compare/v4.16.1...v4.16.2) (2024-05-15)
 
 
diff --git a/package.json b/package.json
index 428e0b3b5b..75597bf9be 100644
--- a/package.json
+++ b/package.json
@@ -1,7 +1,7 @@
 {
   "name": "@adobe/coral-spectrum",
   "description": "Coral Spectrum is a JavaScript library of Web Components following Spectrum design patterns.",
-  "version": "4.16.2",
+  "version": "4.16.3",
   "homepage": "https://github.com/adobe/coral-spectrum#readme",
   "license": "Apache-2.0",
   "repository": {