diff --git a/version/version.go b/version/version.go
index c6bd2c2392..7d41884b7f 100644
--- a/version/version.go
+++ b/version/version.go
@@ -27,7 +27,7 @@ const (
 // NOTE: remember to bump the version at the top
 // of the top-level README.md file when this is
 // bumped.
-var Version = semver.MustParse("4.0.0-dev")
+var Version = semver.MustParse("4.0.0-rc5")
 
 // See https://docs.docker.com/engine/api/v1.40/
 // libpod compat handlers are expected to honor docker API versions
@@ -38,7 +38,7 @@ var Version = semver.MustParse("4.0.0-dev")
 var APIVersion = map[Tree]map[Level]semver.Version{
 	Libpod: {
 		CurrentAPI: Version,
-		MinimalAPI: semver.MustParse("3.1.0"),
+		MinimalAPI: semver.MustParse("4.0.0-rc5"),
 	},
 	Compat: {
 		CurrentAPI: semver.MustParse("1.40.0"),