diff --git a/VERSION b/VERSION
index 8c23df65833..203fc146cec 100644
--- a/VERSION
+++ b/VERSION
@@ -1,4 +1,4 @@
 MYSQL_VERSION_MAJOR=10
 MYSQL_VERSION_MINOR=4
-MYSQL_VERSION_PATCH=31
+MYSQL_VERSION_PATCH=32
 SERVER_MATURITY=stable