diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0fa8067bfbb..42dada4905b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,9 +8,11 @@ This project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.htm
 
 ## [Unreleased]
 
+## [1.4.1] - 2022-02-16
+
 ### Fixed
 
-- Fix race condition in reading the dropped spans number. (#2615)
+- Fix race condition in reading the dropped spans number for the `BatchSpanProcessor`. (#2615)
 
 ## [1.4.0] - 2022-02-11
 
@@ -1687,7 +1689,8 @@ It contains api and sdk for trace and meter.
 - CircleCI build CI manifest files.
 - CODEOWNERS file to track owners of this project.
 
-[Unreleased]: https://github.com/open-telemetry/opentelemetry-go/compare/v1.4.0...HEAD
+[Unreleased]: https://github.com/open-telemetry/opentelemetry-go/compare/v1.4.1...HEAD
+[1.4.1]: https://github.com/open-telemetry/opentelemetry-go/releases/tag/v1.4.1
 [1.4.0]: https://github.com/open-telemetry/opentelemetry-go/releases/tag/v1.4.0
 [1.3.0]: https://github.com/open-telemetry/opentelemetry-go/releases/tag/v1.3.0
 [1.2.0]: https://github.com/open-telemetry/opentelemetry-go/releases/tag/v1.2.0
diff --git a/bridge/opencensus/go.mod b/bridge/opencensus/go.mod
index 73c8afe13ac..c275b1ac003 100644
--- a/bridge/opencensus/go.mod
+++ b/bridge/opencensus/go.mod
@@ -4,11 +4,11 @@ go 1.16
 
 require (
 	go.opencensus.io v0.22.6-0.20201102222123-380f4078db9f
-	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel v1.4.1
 	go.opentelemetry.io/otel/metric v0.27.0
-	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/sdk v1.4.1
 	go.opentelemetry.io/otel/sdk/metric v0.27.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel/trace v1.4.1
 )
 
 replace go.opentelemetry.io/otel => ../..
diff --git a/bridge/opencensus/test/go.mod b/bridge/opencensus/test/go.mod
index 3d43a986d26..b262f82d5e8 100644
--- a/bridge/opencensus/test/go.mod
+++ b/bridge/opencensus/test/go.mod
@@ -4,10 +4,10 @@ go 1.16
 
 require (
 	go.opencensus.io v0.23.0
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/bridge/opencensus v0.27.0
-	go.opentelemetry.io/otel/sdk v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/bridge/opencensus v0.27.1
+	go.opentelemetry.io/otel/sdk v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 )
 
 replace go.opentelemetry.io/otel => ../../..
diff --git a/bridge/opentracing/go.mod b/bridge/opentracing/go.mod
index 9a08f2c4f05..8bea859d6f1 100644
--- a/bridge/opentracing/go.mod
+++ b/bridge/opentracing/go.mod
@@ -6,8 +6,8 @@ replace go.opentelemetry.io/otel => ../..
 
 require (
 	github.com/opentracing/opentracing-go v1.2.0
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../opencensus
diff --git a/example/fib/go.mod b/example/fib/go.mod
index b5fb3d0dcaa..f32a17d8ed9 100644
--- a/example/fib/go.mod
+++ b/example/fib/go.mod
@@ -3,10 +3,10 @@ module go.opentelemetry.io/otel/example/fib
 go 1.16
 
 require (
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 )
 
 replace go.opentelemetry.io/otel => ../..
diff --git a/example/jaeger/go.mod b/example/jaeger/go.mod
index 089ac0508fd..89e704f77ef 100644
--- a/example/jaeger/go.mod
+++ b/example/jaeger/go.mod
@@ -9,9 +9,9 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/exporters/jaeger v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/exporters/jaeger v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../bridge/opencensus
diff --git a/example/namedtracer/go.mod b/example/namedtracer/go.mod
index 3fcc222af22..eb1052a5c34 100644
--- a/example/namedtracer/go.mod
+++ b/example/namedtracer/go.mod
@@ -9,10 +9,10 @@ replace (
 
 require (
 	github.com/go-logr/stdr v1.2.2
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../bridge/opencensus
diff --git a/example/opencensus/go.mod b/example/opencensus/go.mod
index caf2f82ef19..bac77c24e0f 100644
--- a/example/opencensus/go.mod
+++ b/example/opencensus/go.mod
@@ -10,11 +10,11 @@ replace (
 
 require (
 	go.opencensus.io v0.22.6-0.20201102222123-380f4078db9f
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/bridge/opencensus v0.27.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/bridge/opencensus v0.27.1
 	go.opentelemetry.io/otel/exporters/stdout/stdoutmetric v0.27.0
-	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
 	go.opentelemetry.io/otel/sdk/metric v0.27.0
 )
 
diff --git a/example/otel-collector/go.mod b/example/otel-collector/go.mod
index 8cfa4e7ca3c..e353ef0ef1c 100644
--- a/example/otel-collector/go.mod
+++ b/example/otel-collector/go.mod
@@ -8,10 +8,10 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracegrpc v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracegrpc v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 	google.golang.org/grpc v1.44.0
 )
 
diff --git a/example/passthrough/go.mod b/example/passthrough/go.mod
index b0065d1c2d5..0bab8c3ca85 100644
--- a/example/passthrough/go.mod
+++ b/example/passthrough/go.mod
@@ -3,10 +3,10 @@ module go.opentelemetry.io/otel/example/passthrough
 go 1.16
 
 require (
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 )
 
 replace (
diff --git a/example/prometheus/go.mod b/example/prometheus/go.mod
index 734e2caa278..510707da899 100644
--- a/example/prometheus/go.mod
+++ b/example/prometheus/go.mod
@@ -9,7 +9,7 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel v1.4.1
 	go.opentelemetry.io/otel/exporters/prometheus v0.27.0
 	go.opentelemetry.io/otel/metric v0.27.0
 	go.opentelemetry.io/otel/sdk/metric v0.27.0
diff --git a/example/zipkin/go.mod b/example/zipkin/go.mod
index c6e1abcbc86..3a09af7e14f 100644
--- a/example/zipkin/go.mod
+++ b/example/zipkin/go.mod
@@ -9,10 +9,10 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/exporters/zipkin v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/exporters/zipkin v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../bridge/opencensus
diff --git a/exporters/jaeger/go.mod b/exporters/jaeger/go.mod
index 2f07c958556..165ded9b2e3 100644
--- a/exporters/jaeger/go.mod
+++ b/exporters/jaeger/go.mod
@@ -5,9 +5,9 @@ go 1.16
 require (
 	github.com/google/go-cmp v0.5.7
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../bridge/opencensus
diff --git a/exporters/otlp/otlpmetric/go.mod b/exporters/otlp/otlpmetric/go.mod
index f48e2e6b92b..3a1567c0ec2 100644
--- a/exporters/otlp/otlpmetric/go.mod
+++ b/exporters/otlp/otlpmetric/go.mod
@@ -5,10 +5,10 @@ go 1.16
 require (
 	github.com/google/go-cmp v0.5.7
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.1
 	go.opentelemetry.io/otel/metric v0.27.0
-	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/sdk v1.4.1
 	go.opentelemetry.io/otel/sdk/metric v0.27.0
 	go.opentelemetry.io/proto/otlp v0.12.0
 	google.golang.org/grpc v1.44.0
diff --git a/exporters/otlp/otlpmetric/otlpmetricgrpc/go.mod b/exporters/otlp/otlpmetric/otlpmetricgrpc/go.mod
index bd4b89a04f7..9023dc3014f 100644
--- a/exporters/otlp/otlpmetric/otlpmetricgrpc/go.mod
+++ b/exporters/otlp/otlpmetric/otlpmetricgrpc/go.mod
@@ -4,11 +4,11 @@ go 1.16
 
 require (
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.1
 	go.opentelemetry.io/otel/exporters/otlp/otlpmetric v0.27.0
 	go.opentelemetry.io/otel/metric v0.27.0
-	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/sdk v1.4.1
 	go.opentelemetry.io/otel/sdk/metric v0.27.0
 	go.opentelemetry.io/proto/otlp v0.12.0
 	google.golang.org/genproto v0.0.0-20200526211855-cb27e3aa2013
diff --git a/exporters/otlp/otlpmetric/otlpmetrichttp/go.mod b/exporters/otlp/otlpmetric/otlpmetrichttp/go.mod
index 33184b92c73..8fe02304d3c 100644
--- a/exporters/otlp/otlpmetric/otlpmetrichttp/go.mod
+++ b/exporters/otlp/otlpmetric/otlpmetrichttp/go.mod
@@ -4,9 +4,9 @@ go 1.16
 
 require (
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.0
+	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.1
 	go.opentelemetry.io/otel/exporters/otlp/otlpmetric v0.27.0
-	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/sdk v1.4.1
 	go.opentelemetry.io/proto/otlp v0.12.0
 	google.golang.org/protobuf v1.27.1
 )
diff --git a/exporters/otlp/otlptrace/go.mod b/exporters/otlp/otlptrace/go.mod
index 614758e93d0..a722bfb6969 100644
--- a/exporters/otlp/otlptrace/go.mod
+++ b/exporters/otlp/otlptrace/go.mod
@@ -5,10 +5,10 @@ go 1.16
 require (
 	github.com/google/go-cmp v0.5.7
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 	go.opentelemetry.io/proto/otlp v0.12.0
 	google.golang.org/grpc v1.44.0
 	google.golang.org/protobuf v1.27.1
diff --git a/exporters/otlp/otlptrace/otlptracegrpc/go.mod b/exporters/otlp/otlptrace/otlptracegrpc/go.mod
index f10407b086f..bbff4b4ab34 100644
--- a/exporters/otlp/otlptrace/otlptracegrpc/go.mod
+++ b/exporters/otlp/otlptrace/otlptracegrpc/go.mod
@@ -4,10 +4,10 @@ go 1.16
 
 require (
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.0
-	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.1
+	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
 	go.opentelemetry.io/proto/otlp v0.12.0
 	go.uber.org/goleak v1.1.12
 	google.golang.org/genproto v0.0.0-20200526211855-cb27e3aa2013
diff --git a/exporters/otlp/otlptrace/otlptracehttp/go.mod b/exporters/otlp/otlptrace/otlptracehttp/go.mod
index bbceab82ba7..9a522d90550 100644
--- a/exporters/otlp/otlptrace/otlptracehttp/go.mod
+++ b/exporters/otlp/otlptrace/otlptracehttp/go.mod
@@ -4,11 +4,11 @@ go 1.16
 
 require (
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.0
-	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.1
+	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 	go.opentelemetry.io/proto/otlp v0.12.0
 	google.golang.org/protobuf v1.27.1
 )
diff --git a/exporters/prometheus/go.mod b/exporters/prometheus/go.mod
index 744c7d0fa37..77519e04d3f 100644
--- a/exporters/prometheus/go.mod
+++ b/exporters/prometheus/go.mod
@@ -5,9 +5,9 @@ go 1.16
 require (
 	github.com/prometheus/client_golang v1.12.1
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel v1.4.1
 	go.opentelemetry.io/otel/metric v0.27.0
-	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/sdk v1.4.1
 	go.opentelemetry.io/otel/sdk/metric v0.27.0
 )
 
diff --git a/exporters/stdout/stdoutmetric/go.mod b/exporters/stdout/stdoutmetric/go.mod
index 169b0ec76ab..de0b27d97c7 100644
--- a/exporters/stdout/stdoutmetric/go.mod
+++ b/exporters/stdout/stdoutmetric/go.mod
@@ -9,9 +9,9 @@ replace (
 
 require (
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel v1.4.1
 	go.opentelemetry.io/otel/metric v0.27.0
-	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/sdk v1.4.1
 	go.opentelemetry.io/otel/sdk/metric v0.27.0
 )
 
diff --git a/exporters/stdout/stdouttrace/go.mod b/exporters/stdout/stdouttrace/go.mod
index 2b8b41d84fb..1848b11100f 100644
--- a/exporters/stdout/stdouttrace/go.mod
+++ b/exporters/stdout/stdouttrace/go.mod
@@ -9,9 +9,9 @@ replace (
 
 require (
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../../bridge/opencensus
diff --git a/exporters/zipkin/go.mod b/exporters/zipkin/go.mod
index 16a411848f5..2d5e28d19ef 100644
--- a/exporters/zipkin/go.mod
+++ b/exporters/zipkin/go.mod
@@ -6,9 +6,9 @@ require (
 	github.com/google/go-cmp v0.5.7
 	github.com/openzipkin/zipkin-go v0.4.0
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/sdk v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/sdk v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../bridge/opencensus
diff --git a/go.mod b/go.mod
index 7fcb8402a73..0065f9e3e0c 100644
--- a/go.mod
+++ b/go.mod
@@ -7,7 +7,7 @@ require (
 	github.com/go-logr/stdr v1.2.2
 	github.com/google/go-cmp v0.5.7
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel/trace v1.4.1
 )
 
 replace go.opentelemetry.io/otel => ./
diff --git a/internal/metric/go.mod b/internal/metric/go.mod
index eb1564965c4..1b8af6b8d15 100644
--- a/internal/metric/go.mod
+++ b/internal/metric/go.mod
@@ -4,7 +4,7 @@ go 1.16
 
 require (
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel v1.4.1
 	go.opentelemetry.io/otel/metric v0.27.0
 )
 
diff --git a/metric/go.mod b/metric/go.mod
index bc974ff5de0..839b03b4c98 100644
--- a/metric/go.mod
+++ b/metric/go.mod
@@ -43,7 +43,7 @@ replace go.opentelemetry.io/otel/trace => ../trace
 require (
 	github.com/google/go-cmp v0.5.7
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel v1.4.1
 	go.opentelemetry.io/otel/internal/metric v0.27.0
 )
 
diff --git a/sdk/export/metric/go.mod b/sdk/export/metric/go.mod
index 2af08739603..6affa3e5e5e 100644
--- a/sdk/export/metric/go.mod
+++ b/sdk/export/metric/go.mod
@@ -42,7 +42,7 @@ replace go.opentelemetry.io/otel/sdk/metric => ../../metric
 replace go.opentelemetry.io/otel/trace => ../../../trace
 
 require (
-	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel v1.4.1
 	go.opentelemetry.io/otel/metric v0.27.0
 	go.opentelemetry.io/otel/sdk/metric v0.27.0
 )
diff --git a/sdk/go.mod b/sdk/go.mod
index fc16b899e7a..403cc024da0 100644
--- a/sdk/go.mod
+++ b/sdk/go.mod
@@ -8,8 +8,8 @@ require (
 	github.com/go-logr/logr v1.2.2
 	github.com/google/go-cmp v0.5.7
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
-	go.opentelemetry.io/otel/trace v1.4.0
+	go.opentelemetry.io/otel v1.4.1
+	go.opentelemetry.io/otel/trace v1.4.1
 	golang.org/x/sys v0.0.0-20210423185535-09eb48e85fd7
 )
 
diff --git a/sdk/metric/go.mod b/sdk/metric/go.mod
index ce81fee4f04..a027704356f 100644
--- a/sdk/metric/go.mod
+++ b/sdk/metric/go.mod
@@ -43,10 +43,10 @@ replace go.opentelemetry.io/otel/trace => ../../trace
 require (
 	github.com/benbjohnson/clock v1.3.0
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel v1.4.1
 	go.opentelemetry.io/otel/internal/metric v0.27.0
 	go.opentelemetry.io/otel/metric v0.27.0
-	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/sdk v1.4.1
 )
 
 replace go.opentelemetry.io/otel/example/passthrough => ../../example/passthrough
diff --git a/trace/go.mod b/trace/go.mod
index 75b71fb5a09..90174c5c617 100644
--- a/trace/go.mod
+++ b/trace/go.mod
@@ -43,7 +43,7 @@ replace go.opentelemetry.io/otel/trace => ./
 require (
 	github.com/google/go-cmp v0.5.7
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel v1.4.1
 )
 
 replace go.opentelemetry.io/otel/example/passthrough => ../example/passthrough
diff --git a/version.go b/version.go
index 9958db2c087..a09bcbb5e8f 100644
--- a/version.go
+++ b/version.go
@@ -16,5 +16,5 @@ package otel // import "go.opentelemetry.io/otel"
 
 // Version is the current release version of OpenTelemetry in use.
 func Version() string {
-	return "1.4.0"
+	return "1.4.1"
 }
diff --git a/versions.yaml b/versions.yaml
index eb7eadea273..3f06f299346 100644
--- a/versions.yaml
+++ b/versions.yaml
@@ -14,7 +14,7 @@
 
 module-sets:
   stable-v1:
-    version: v1.4.0
+    version: v1.4.1
     modules:
       - go.opentelemetry.io/otel
       - go.opentelemetry.io/otel/bridge/opentracing
@@ -51,7 +51,7 @@ module-sets:
     modules:
       - go.opentelemetry.io/otel/schema
   bridge:
-    version: v0.27.0
+    version: v0.27.1
     modules:
       - go.opentelemetry.io/otel/bridge/opencensus
       - go.opentelemetry.io/otel/bridge/opencensus/test