diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3bb9f3301da..7e124d10a9f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -8,28 +8,36 @@ This project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.htm
 
 ## [Unreleased]
 
+## [1.4.0] - 2022-02-11
+
 ### Added
 
-- Support `OTEL_EXPORTER_ZIPKIN_ENDPOINT` env to specify zipkin collector endpoint (#2490)
-- Log the configuration of TracerProviders, and Tracers for debugging. To enable use a logger with Verbosity (V level) >=1
-- Added environment variables for: `OTEL_BSP_SCHEDULE_DELAY`, `OTEL_BSP_EXPORT_TIMEOUT`, `OTEL_BSP_MAX_QUEUE_SIZE` and `OTEL_BSP_MAX_EXPORT_BATCH_SIZE` (#2515)
+- Use `OTEL_EXPORTER_ZIPKIN_ENDPOINT` environment variable to specify zipkin collector endpoint. (#2490)
+- Log the configuration of `TracerProvider`s, and `Tracer`s for debugging.
+  To enable use a logger with Verbosity (V level) `>=1`. (#2500)
+- Added support to configure the batch span-processor with environment variables.
+  The following environment variables are used. (#2515)
+  - `OTEL_BSP_SCHEDULE_DELAY`
+  - `OTEL_BSP_EXPORT_TIMEOUT`
+  - `OTEL_BSP_MAX_QUEUE_SIZE`.
+  - `OTEL_BSP_MAX_EXPORT_BATCH_SIZE`
 
 ### Changed
 
-- Jaeger exporter takes into additional 70 bytes overhead into consideration when sending UDP packets (#2489, #2512)
-- Zipkin exporter exports `Resource` attributes as the `Tags` field. (#2589)
+- Zipkin exporter exports `Resource` attributes in the `Tags` field. (#2589)
 
 ### Deprecated
 
-- Deprecate module `"go.opentelemetry.io/otel/sdk/export/metric"`, new functionality available in "go.opentelemetry.io/otel/sdk/metric" module:
-  - Import path changed `import "go.opentelemetry.io/otel/sdk/export/metric"` to `import go.opentelemetry.io/otel/sdk/metric/export` (#2382).
-- Deprecate `AtomicFieldOffsets`, unnecessary public func (#2445)
+- Deprecate module the `go.opentelemetry.io/otel/sdk/export/metric`.
+  Use the `go.opentelemetry.io/otel/sdk/metric` module instead. (#2382)
+- Deprecate `"go.opentelemetry.io/otel/sdk/metric".AtomicFieldOffsets`. (#2445)
 
 ### Fixed
 
-- Fixes the instrument kind for noop async instruments. (#2461)
+- Fixed the instrument kind for noop async instruments to correctly report an implementation. (#2461)
+- Fix UDP packets overflowing with Jaeger payloads. (#2489, #2512)
 - Change the `otlpmetric.Client` interface's `UploadMetrics` method to accept a single `ResourceMetrics` instead of a slice of them. (#2491)
-- Specify explicit buckets in Prometheus example. (#2493)
+- Specify explicit buckets in Prometheus example, fixing issue where example only has `+inf` bucket. (#2419, #2493)
 - W3C baggage will now decode urlescaped values. (#2529)
 - Baggage members are now only validated once, when calling `NewMember` and not also when adding it to the baggage itself. (#2522)
 - The order attributes are dropped from spans in the `go.opentelemetry.io/otel/sdk/trace` package when capacity is reached is fixed to be in compliance with the OpenTelemetry specification.
@@ -1675,7 +1683,8 @@ 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/v1.3.0...HEAD
+[Unreleased]: https://github.com/open-telemetry/opentelemetry-go/compare/v1.4.0...HEAD
+[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
 [1.1.0]: https://github.com/open-telemetry/opentelemetry-go/releases/tag/v1.1.0
diff --git a/bridge/opencensus/go.mod b/bridge/opencensus/go.mod
index 30a69366c61..73c8afe13ac 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 v1.3.0
-	go.opentelemetry.io/otel/metric v0.26.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/sdk/metric v0.26.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/metric v0.27.0
+	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/sdk/metric v0.27.0
+	go.opentelemetry.io/otel/trace v1.4.0
 )
 
 replace go.opentelemetry.io/otel => ../..
diff --git a/bridge/opencensus/test/go.mod b/bridge/opencensus/test/go.mod
index 95c30b75eaa..3d43a986d26 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 v1.3.0
-	go.opentelemetry.io/otel/bridge/opencensus v0.26.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	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
 )
 
 replace go.opentelemetry.io/otel => ../../..
diff --git a/bridge/opentracing/go.mod b/bridge/opentracing/go.mod
index fb9ff78019a..9a08f2c4f05 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 v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/trace v1.4.0
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../opencensus
diff --git a/example/fib/go.mod b/example/fib/go.mod
index 6c36e2a64a8..b5fb3d0dcaa 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 v1.3.0
-	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	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
 )
 
 replace go.opentelemetry.io/otel => ../..
diff --git a/example/jaeger/go.mod b/example/jaeger/go.mod
index af7f7f20b68..089ac0508fd 100644
--- a/example/jaeger/go.mod
+++ b/example/jaeger/go.mod
@@ -9,9 +9,9 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v1.3.0
-	go.opentelemetry.io/otel/exporters/jaeger v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/exporters/jaeger v1.4.0
+	go.opentelemetry.io/otel/sdk v1.4.0
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../bridge/opencensus
diff --git a/example/namedtracer/go.mod b/example/namedtracer/go.mod
index a9452a19c75..3fcc222af22 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 v1.3.0
-	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	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
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../bridge/opencensus
diff --git a/example/opencensus/go.mod b/example/opencensus/go.mod
index a1fb87122a0..caf2f82ef19 100644
--- a/example/opencensus/go.mod
+++ b/example/opencensus/go.mod
@@ -10,12 +10,12 @@ replace (
 
 require (
 	go.opencensus.io v0.22.6-0.20201102222123-380f4078db9f
-	go.opentelemetry.io/otel v1.3.0
-	go.opentelemetry.io/otel/bridge/opencensus v0.26.0
-	go.opentelemetry.io/otel/exporters/stdout/stdoutmetric v0.26.0
-	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/sdk/metric v0.26.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/bridge/opencensus v0.27.0
+	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/sdk/metric v0.27.0
 )
 
 replace go.opentelemetry.io/otel/bridge/opentracing => ../../bridge/opentracing
diff --git a/example/otel-collector/go.mod b/example/otel-collector/go.mod
index acbc10cd1bb..8cfa4e7ca3c 100644
--- a/example/otel-collector/go.mod
+++ b/example/otel-collector/go.mod
@@ -8,10 +8,10 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v1.3.0
-	go.opentelemetry.io/otel/exporters/otlp/otlptrace/otlptracegrpc v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	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
 	google.golang.org/grpc v1.44.0
 )
 
diff --git a/example/passthrough/go.mod b/example/passthrough/go.mod
index 0c023e59c36..b0065d1c2d5 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 v1.3.0
-	go.opentelemetry.io/otel/exporters/stdout/stdouttrace v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	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
 )
 
 replace (
diff --git a/example/prometheus/go.mod b/example/prometheus/go.mod
index 62bb10691ee..734e2caa278 100644
--- a/example/prometheus/go.mod
+++ b/example/prometheus/go.mod
@@ -9,10 +9,10 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v1.3.0
-	go.opentelemetry.io/otel/exporters/prometheus v0.26.0
-	go.opentelemetry.io/otel/metric v0.26.0
-	go.opentelemetry.io/otel/sdk/metric v0.26.0
+	go.opentelemetry.io/otel v1.4.0
+	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
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../bridge/opencensus
diff --git a/example/zipkin/go.mod b/example/zipkin/go.mod
index da82762c21e..c6e1abcbc86 100644
--- a/example/zipkin/go.mod
+++ b/example/zipkin/go.mod
@@ -9,10 +9,10 @@ replace (
 )
 
 require (
-	go.opentelemetry.io/otel v1.3.0
-	go.opentelemetry.io/otel/exporters/zipkin v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	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
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../bridge/opencensus
diff --git a/exporters/jaeger/go.mod b/exporters/jaeger/go.mod
index ce530fbdfa2..2f07c958556 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 v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/trace v1.4.0
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../bridge/opencensus
diff --git a/exporters/otlp/otlpmetric/go.mod b/exporters/otlp/otlpmetric/go.mod
index ba19e06432d..f48e2e6b92b 100644
--- a/exporters/otlp/otlpmetric/go.mod
+++ b/exporters/otlp/otlpmetric/go.mod
@@ -5,11 +5,11 @@ go 1.16
 require (
 	github.com/google/go-cmp v0.5.7
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.3.0
-	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.3.0
-	go.opentelemetry.io/otel/metric v0.26.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/sdk/metric v0.26.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.0
+	go.opentelemetry.io/otel/metric v0.27.0
+	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/sdk/metric v0.27.0
 	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/otlpmetric/otlpmetricgrpc/go.mod b/exporters/otlp/otlpmetric/otlpmetricgrpc/go.mod
index 11fe57e8a7c..bd4b89a04f7 100644
--- a/exporters/otlp/otlpmetric/otlpmetricgrpc/go.mod
+++ b/exporters/otlp/otlpmetric/otlpmetricgrpc/go.mod
@@ -4,12 +4,12 @@ go 1.16
 
 require (
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.3.0
-	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.3.0
-	go.opentelemetry.io/otel/exporters/otlp/otlpmetric v0.26.0
-	go.opentelemetry.io/otel/metric v0.26.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/sdk/metric v0.26.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.0
+	go.opentelemetry.io/otel/exporters/otlp/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/metric v0.27.0
 	go.opentelemetry.io/proto/otlp v0.12.0
 	google.golang.org/genproto v0.0.0-20200526211855-cb27e3aa2013
 	google.golang.org/grpc v1.44.0
diff --git a/exporters/otlp/otlpmetric/otlpmetrichttp/go.mod b/exporters/otlp/otlpmetric/otlpmetrichttp/go.mod
index 810db0a898c..33184b92c73 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 v1.3.0
-	go.opentelemetry.io/otel/exporters/otlp/otlpmetric v0.26.0
-	go.opentelemetry.io/otel/sdk v1.3.0
+	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.4.0
+	go.opentelemetry.io/otel/exporters/otlp/otlpmetric v0.27.0
+	go.opentelemetry.io/otel/sdk v1.4.0
 	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 ddc8f8a5ed8..614758e93d0 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 v1.3.0
-	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	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/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 7324309e2d9..f10407b086f 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 v1.3.0
-	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.3.0
-	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
+	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/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 5c3486dc0c4..bbceab82ba7 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 v1.3.0
-	go.opentelemetry.io/otel/exporters/otlp/internal/retry v1.3.0
-	go.opentelemetry.io/otel/exporters/otlp/otlptrace v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	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/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 bfdbb4ab561..744c7d0fa37 100644
--- a/exporters/prometheus/go.mod
+++ b/exporters/prometheus/go.mod
@@ -5,10 +5,10 @@ go 1.16
 require (
 	github.com/prometheus/client_golang v1.12.1
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.3.0
-	go.opentelemetry.io/otel/metric v0.26.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/sdk/metric v0.26.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/metric v0.27.0
+	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/sdk/metric v0.27.0
 )
 
 replace go.opentelemetry.io/otel => ../..
diff --git a/exporters/stdout/stdoutmetric/go.mod b/exporters/stdout/stdoutmetric/go.mod
index c438a6f0037..169b0ec76ab 100644
--- a/exporters/stdout/stdoutmetric/go.mod
+++ b/exporters/stdout/stdoutmetric/go.mod
@@ -9,10 +9,10 @@ replace (
 
 require (
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.3.0
-	go.opentelemetry.io/otel/metric v0.26.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/sdk/metric v0.26.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/metric v0.27.0
+	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/sdk/metric v0.27.0
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../../bridge/opencensus
diff --git a/exporters/stdout/stdouttrace/go.mod b/exporters/stdout/stdouttrace/go.mod
index 9407448a61a..2b8b41d84fb 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 v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/trace v1.4.0
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../../bridge/opencensus
diff --git a/exporters/zipkin/go.mod b/exporters/zipkin/go.mod
index e517881375e..16a411848f5 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 v1.3.0
-	go.opentelemetry.io/otel/sdk v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/sdk v1.4.0
+	go.opentelemetry.io/otel/trace v1.4.0
 )
 
 replace go.opentelemetry.io/otel/bridge/opencensus => ../../bridge/opencensus
diff --git a/go.mod b/go.mod
index 0469e2fa55d..7fcb8402a73 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 v1.3.0
+	go.opentelemetry.io/otel/trace v1.4.0
 )
 
 replace go.opentelemetry.io/otel => ./
diff --git a/internal/metric/go.mod b/internal/metric/go.mod
index b1106ef6340..eb1564965c4 100644
--- a/internal/metric/go.mod
+++ b/internal/metric/go.mod
@@ -4,8 +4,8 @@ go 1.16
 
 require (
 	github.com/stretchr/testify v1.7.0
-	go.opentelemetry.io/otel v1.3.0
-	go.opentelemetry.io/otel/metric v0.26.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/metric v0.27.0
 )
 
 replace go.opentelemetry.io/otel => ../..
diff --git a/metric/go.mod b/metric/go.mod
index 5b9387bf3f6..bc974ff5de0 100644
--- a/metric/go.mod
+++ b/metric/go.mod
@@ -43,8 +43,8 @@ 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 v1.3.0
-	go.opentelemetry.io/otel/internal/metric v0.26.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/internal/metric v0.27.0
 )
 
 replace go.opentelemetry.io/otel/example/passthrough => ../example/passthrough
diff --git a/sdk/export/metric/go.mod b/sdk/export/metric/go.mod
index 2b10328d6a7..2af08739603 100644
--- a/sdk/export/metric/go.mod
+++ b/sdk/export/metric/go.mod
@@ -42,9 +42,9 @@ replace go.opentelemetry.io/otel/sdk/metric => ../../metric
 replace go.opentelemetry.io/otel/trace => ../../../trace
 
 require (
-	go.opentelemetry.io/otel v1.3.0
-	go.opentelemetry.io/otel/metric v0.26.0
-	go.opentelemetry.io/otel/sdk/metric v0.0.0-00010101000000-000000000000
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/metric v0.27.0
+	go.opentelemetry.io/otel/sdk/metric v0.27.0
 )
 
 replace go.opentelemetry.io/otel/example/passthrough => ../../../example/passthrough
diff --git a/sdk/go.mod b/sdk/go.mod
index 548e5460134..fc16b899e7a 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 v1.3.0
-	go.opentelemetry.io/otel/trace v1.3.0
+	go.opentelemetry.io/otel v1.4.0
+	go.opentelemetry.io/otel/trace v1.4.0
 	golang.org/x/sys v0.0.0-20210423185535-09eb48e85fd7
 )
 
diff --git a/sdk/metric/go.mod b/sdk/metric/go.mod
index 1424e5674cf..ce81fee4f04 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 v1.3.0
-	go.opentelemetry.io/otel/internal/metric v0.26.0
-	go.opentelemetry.io/otel/metric v0.26.0
-	go.opentelemetry.io/otel/sdk v1.3.0
+	go.opentelemetry.io/otel v1.4.0
+	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
 )
 
 replace go.opentelemetry.io/otel/example/passthrough => ../../example/passthrough
diff --git a/trace/go.mod b/trace/go.mod
index 1b19ac02308..75b71fb5a09 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 v1.3.0
+	go.opentelemetry.io/otel v1.4.0
 )
 
 replace go.opentelemetry.io/otel/example/passthrough => ../example/passthrough
diff --git a/version.go b/version.go
index e62acd66e7b..9958db2c087 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 "1.3.0"
+	return "1.4.0"
 }
diff --git a/versions.yaml b/versions.yaml
index 3e13849987d..eb7eadea273 100644
--- a/versions.yaml
+++ b/versions.yaml
@@ -14,7 +14,7 @@
 
 module-sets:
   stable-v1:
-    version: v1.3.0
+    version: v1.4.0
     modules:
       - go.opentelemetry.io/otel
       - go.opentelemetry.io/otel/bridge/opentracing
@@ -34,7 +34,7 @@ module-sets:
       - go.opentelemetry.io/otel/trace
       - go.opentelemetry.io/otel/sdk
   experimental-metrics:
-    version: v0.26.0
+    version: v0.27.0
     modules:
       - go.opentelemetry.io/otel/example/prometheus
       - go.opentelemetry.io/otel/exporters/otlp/otlpmetric
@@ -47,11 +47,11 @@ module-sets:
       - go.opentelemetry.io/otel/sdk/export/metric
       - go.opentelemetry.io/otel/sdk/metric
   experimental-schema:
-    version: v0.0.1
+    version: v0.0.2
     modules:
       - go.opentelemetry.io/otel/schema
   bridge:
-    version: v0.26.0
+    version: v0.27.0
     modules:
       - go.opentelemetry.io/otel/bridge/opencensus
       - go.opentelemetry.io/otel/bridge/opencensus/test