diff --git a/CHANGELOG.md b/CHANGELOG.md
index e599fd7e30..081ed4791e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,13 @@
+<a name="12.1.0-next.4"></a>
+# 12.1.0-next.4 (2021-06-02)
+### compiler-cli
+| Commit | Description |
+| -- | -- |
+| e039075a28 | fix(compiler-cli): better detect classes that are indirectly exported (#42207) |
+## Special Thanks:
+AleksanderBodurri, Alex Rickabaugh, Andrew Kushnir, Andrew Scott, David Pfeiffer, David Shevitz, Doug Parker, Dylan Hunn, George Kalpakas, Igor Minar, Joey Perrott, JoostK, Kristiyan Kostadinov, Renovate Bot, Sam Severance, Serguei Cambour, Suguru Inatomi, Teri Glover, Wagner Maciel, Zach Arend, mgechev and 不肖・高橋
+
+
 <a name="12.0.3"></a>
 # 12.0.3 (2021-06-02)
 ### compiler-cli
diff --git a/package.json b/package.json
index 925a5fd231..30f118bdf0 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "angular-srcs",
-  "version": "12.1.0-next.3",
+  "version": "12.1.0-next.4",
   "private": true,
   "description": "Angular - a web framework for modern web apps",
   "homepage": "https://github.com/angular/angular",