diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4d8820d1..aab01579 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,20 @@
 
 All notable changes to this project are documented in this file.
 
+## 0.22.4
+
+**Release date:** 2022-03-28
+
+This prerelease improves on the experimental managed transport overall
+stability. Changes of note:
+- SSH connections now being reused across git operations.
+- Leaked HTTP connections are now fixed.
+- The long-standing SSH intermittent errors are addressed by the cached connections.
+
+Fixes:
+- Various fixes for managed transport
+  [#637](https://github.com/fluxcd/source-controller/pull/637)
+
 ## 0.22.3
 
 **Release date:** 2022-03-25
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 68ac26c5..cef15b0f 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -6,4 +6,4 @@ resources:
 images:
 - name: fluxcd/source-controller
   newName: fluxcd/source-controller
-  newTag: v0.22.3
+  newTag: v0.22.4
diff --git a/go.mod b/go.mod
index cc7b7b01..d49ff728 100644
--- a/go.mod
+++ b/go.mod
@@ -29,7 +29,7 @@ require (
 	github.com/fluxcd/pkg/testserver v0.2.0
 	github.com/fluxcd/pkg/untar v0.1.0
 	github.com/fluxcd/pkg/version v0.1.0
-	github.com/fluxcd/source-controller/api v0.22.3
+	github.com/fluxcd/source-controller/api v0.22.4
 	github.com/go-git/go-billy/v5 v5.3.1
 	github.com/go-git/go-git/v5 v5.4.2
 	github.com/go-logr/logr v1.2.2