diff --git a/sdk/identity/Azure.Identity/CHANGELOG.md b/sdk/identity/Azure.Identity/CHANGELOG.md
index 3bf7687f4786..d47cfb7148c5 100644
--- a/sdk/identity/Azure.Identity/CHANGELOG.md
+++ b/sdk/identity/Azure.Identity/CHANGELOG.md
@@ -1,4 +1,8 @@
 # Release History
+
+## 1.4.0-beta.3 (Unreleased)
+
+
 ## 1.4.0-beta.2 (2021-01-29)
 
 ### Fixes and improvements
diff --git a/sdk/identity/Azure.Identity/src/Azure.Identity.csproj b/sdk/identity/Azure.Identity/src/Azure.Identity.csproj
index 4274aa8d32ec..686a890d8691 100644
--- a/sdk/identity/Azure.Identity/src/Azure.Identity.csproj
+++ b/sdk/identity/Azure.Identity/src/Azure.Identity.csproj
@@ -2,7 +2,7 @@
   <PropertyGroup>
     <Description>This is the implementation of the Azure SDK Client Library for Azure Identity</Description>
     <AssemblyTitle>Microsoft Azure.Identity Component</AssemblyTitle>
-    <Version>1.4.0-beta.2</Version>
+    <Version>1.4.0-beta.3</Version>
     <ApiCompatVersion>1.3.0</ApiCompatVersion>
     <PackageTags>Microsoft Azure Identity;$(PackageCommonTags)</PackageTags>
     <TargetFrameworks>$(RequiredTargetFrameworks)</TargetFrameworks>