diff --git a/CHANGELOG.md b/CHANGELOG.md
index 47ce418a0..65b999330 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,7 +2,7 @@
 
 See the [releases page](https://github.com/github/codeql-action/releases) for the relevant changes to the CodeQL CLI and language packs.
 
-## [UNRELEASED]
+## 4.38.0 - 09 Sept 2026
 
 - On GitHub-hosted runners, the CodeQL Action now deletes unused CodeQL bundles from the toolcache before downloading a different bundle, which frees up disk space for the analysis. We expect to roll this change out to everyone in September. [#4124](https://github.com/github/codeql-action/pull/4124)
 - The CodeQL Action now supports CodeQL releases that are compatible with Linux Arm64 and downloads the native `linux-arm64` CodeQL bundle when available. [#4072](https://github.com/github/codeql-action/pull/4072)