diff --git a/NEWS b/NEWS
index 16861ebed..ed0e38a6b 100644
--- a/NEWS
+++ b/NEWS
@@ -1,3 +1,32 @@
+3.9.4
+=====
+* Fix chat entries not being focused when expanded [Jasper; #698778]
+* Fix alignment of "Not Listed?" label [Mathieu; #702307]
+* Fix alignment of time stamps in chat notifications [Carlos; #687809]
+* Round the ends of slider trough [Jasper; #702825]
+* Add support for "box-shadow: none" [Cosimo; #702782]
+* Keep chrome below popup windows [Florian; #702338]
+* Move the session list to a popup menu [Ray; #702818]
+* Fix autorun notifications for "non-native" volumes [Matthias; #703418]
+* dnd: Speed up by not picking on each motion event [Jasper; #703443]
+* Fix management of asynchronous background loading [Lionel; #703001]
+* Rework focus handling [Jasper; #700735]
+* Optimize box-shadow rendering [Lionel; #689858]
+* Remove support for fixed positioning in BoxLayouts [Florian; #703808]
+* Misc bug fixes and cleanups [Adel, Jasper, Florian, Ray, Lionel, Emilio;
+  #702849, #610279, #703132, #703105, #703160, #703126, #703304, #703403,
+  #698593, #703442, #703565, #700901, #703874, #703807, #703893, #703909]
+
+Contributors:
+  Mathieu Bridon, Giovanni Campagna, Cosimo Cecchi, Matthias Clasen,
+  Fran Diéguez, Adel Gadllah, Lionel Landwerlin, Florian Müllner,
+  Emilio Pozuelo Monfort, Carlos Soriano, Jasper St. Pierre, Ray Strode
+
+Translations:
+  Baurzhan Muftakhidinov [kk], Marek Černocký [cs], Daniel Mustieles [es],
+  Fran Diéguez [gl], Kjartan Maraas [nb], Andika Triwidada [id],
+  Benjamin Steinwender [de], Nguyễn Thái Ngọc Duy [vi], Trần Ngọc Quân [vi]
+
 3.9.3
 =====
 * Don't push window thumbs when workspace switcher is hidden [Jasper; #701167]
diff --git a/configure.ac b/configure.ac
index 445a79dcb..3d4915daa 100644
--- a/configure.ac
+++ b/configure.ac
@@ -1,5 +1,5 @@
 AC_PREREQ(2.63)
-AC_INIT([gnome-shell],[3.9.3],[https://bugzilla.gnome.org/enter_bug.cgi?product=gnome-shell],[gnome-shell])
+AC_INIT([gnome-shell],[3.9.4],[https://bugzilla.gnome.org/enter_bug.cgi?product=gnome-shell],[gnome-shell])
 
 AC_CONFIG_HEADERS([config.h])
 AC_CONFIG_SRCDIR([src/shell-global.c])
@@ -63,7 +63,7 @@ AM_CONDITIONAL(BUILD_RECORDER, $build_recorder)
 CLUTTER_MIN_VERSION=1.13.4
 GOBJECT_INTROSPECTION_MIN_VERSION=0.10.1
 GJS_MIN_VERSION=1.35.4
-MUTTER_MIN_VERSION=3.9.3
+MUTTER_MIN_VERSION=3.9.4
 GTK_MIN_VERSION=3.7.9
 GIO_MIN_VERSION=2.37.0
 LIBECAL_MIN_VERSION=3.5.3