diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index 9f6026f..69efe8f 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "2.39.0"
+  ".": "2.40.0"
 }
\ No newline at end of file
diff --git a/CHANGELOG.md b/CHANGELOG.md
index b262f8d..9519f5b 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,17 @@
 # Changelog
 
+## [2.40.0](https://github.com/context-dot-dev/context-python-sdk/compare/v2.39.0...v2.40.0) (2026-10-27)
+
+
+### Features
+
+* **parse:** mark PDF page numbers inline in Markdown with includeNumberedPages ([#2110](https://github.com/context-dot-dev/context-python-sdk/issues/2110)) ([5cec8f8](https://github.com/context-dot-dev/context-python-sdk/commit/5cec8f8e05efba76b96456a811359d2df321040c))
+
+
+### Bug Fixes
+
+* **people:** split ultra people ranking on its strongest phrase signals ([#2209](https://github.com/context-dot-dev/context-python-sdk/issues/2209)) ([ac222a3](https://github.com/context-dot-dev/context-python-sdk/commit/ac222a384deaa45a459894556ae0cfc70ec21a5a))
+
 ## [2.39.0](https://github.com/context-dot-dev/context-python-sdk/compare/v2.38.0...v2.39.0) (2026-10-27)
 
 
diff --git a/pyproject.toml b/pyproject.toml
index ab4b6f8..ecb4065 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [project]
 name = "context.dev"
-version = "2.39.0"
+version = "2.40.0"
 description = "The official Python library for the context.dev API"
 dynamic = ["readme"]
 license = "Apache-2.0"
diff --git a/src/context/dev/_version.py b/src/context/dev/_version.py
index 3bea41b..5bd6087 100644
--- a/src/context/dev/_version.py
+++ b/src/context/dev/_version.py
@@ -1,4 +1,4 @@
 # File generated from our OpenAPI spec by Stainless. See CONTRIBUTING.md for details.
 
 __title__ = "context.dev"
-__version__ = "2.39.0"  # x-release-please-version
+__version__ = "2.40.0"  # x-release-please-version