diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3e669ca75..6a2fccd58 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -5,7 +5,15 @@ All notable changes to this project will be documented in this file.
 The format is based on [Keep a Changelog](http://keepachangelog.com/en/1.0.0/)
 and this project adheres to [Semantic Versioning](http://semver.org/spec/v2.0.0.html).
 
-## [Unreleased]
+## [5.3.0] - April 8, 2024
+
+### Changed
+- Refactor: ODP corrections [#920](https://github.com/optimizely/javascript-sdk/pull/920) including
+  - ODPManager should not be running and scheduling timer if ODP is not integrated to the project (which causes memory leak if one sdk instance is created per request)
+  - CreateUserContext should work even when called before the datafile is downloaded and should send the `identify` ODP events after datafile download completes
+  - Other automatic odp events (vuid registration, client initialized) should also be sent after datafile is available and should not be dropped if batching is disabled. 
+  - [see PR for more]
+  
 
 ## [5.2.1] - March 25, 2024
 
diff --git a/lib/index.browser.tests.js b/lib/index.browser.tests.js
index e9b5283e5..2fec99f18 100644
--- a/lib/index.browser.tests.js
+++ b/lib/index.browser.tests.js
@@ -193,7 +193,7 @@ describe('javascript-sdk (Browser)', function() {
         optlyInstance.onReady().catch(function() {});
 
         assert.instanceOf(optlyInstance, Optimizely);
-        assert.equal(optlyInstance.clientVersion, '5.2.1');
+        assert.equal(optlyInstance.clientVersion, '5.3.0');
       });
 
       it('should set the JavaScript client engine and version', function() {
diff --git a/lib/index.lite.tests.js b/lib/index.lite.tests.js
index 44da77f11..d28c953c1 100644
--- a/lib/index.lite.tests.js
+++ b/lib/index.lite.tests.js
@@ -76,7 +76,7 @@ describe('optimizelyFactory', function() {
         optlyInstance.onReady().catch(function() {});
 
         assert.instanceOf(optlyInstance, Optimizely);
-        assert.equal(optlyInstance.clientVersion, '5.2.1');
+        assert.equal(optlyInstance.clientVersion, '5.3.0');
       });
     });
   });
diff --git a/lib/index.node.tests.js b/lib/index.node.tests.js
index 0ceed3057..75d23963c 100644
--- a/lib/index.node.tests.js
+++ b/lib/index.node.tests.js
@@ -90,7 +90,7 @@ describe('optimizelyFactory', function() {
         optlyInstance.onReady().catch(function() {});
 
         assert.instanceOf(optlyInstance, Optimizely);
-        assert.equal(optlyInstance.clientVersion, '5.2.1');
+        assert.equal(optlyInstance.clientVersion, '5.3.0');
       });
 
       describe('event processor configuration', function() {
diff --git a/lib/utils/enums/index.ts b/lib/utils/enums/index.ts
index 3f7bee937..58691d8c4 100644
--- a/lib/utils/enums/index.ts
+++ b/lib/utils/enums/index.ts
@@ -221,7 +221,7 @@ export const NODE_CLIENT_ENGINE = 'node-sdk';
 export const REACT_CLIENT_ENGINE = 'react-sdk';
 export const REACT_NATIVE_CLIENT_ENGINE = 'react-native-sdk';
 export const REACT_NATIVE_JS_CLIENT_ENGINE = 'react-native-js-sdk';
-export const CLIENT_VERSION = '5.2.1';
+export const CLIENT_VERSION = '5.3.0';
 
 export const DECISION_NOTIFICATION_TYPES = {
   AB_TEST: 'ab-test',
diff --git a/package-lock.json b/package-lock.json
index 0e90154c4..9b20baf7d 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -1,12 +1,12 @@
 {
   "name": "@optimizely/optimizely-sdk",
-  "version": "5.2.1",
+  "version": "5.3.0",
   "lockfileVersion": 2,
   "requires": true,
   "packages": {
     "": {
       "name": "@optimizely/optimizely-sdk",
-      "version": "5.2.1",
+      "version": "5.3.0",
       "license": "Apache-2.0",
       "dependencies": {
         "decompress-response": "^4.2.1",
diff --git a/package.json b/package.json
index cd15db28b..a668acc95 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@optimizely/optimizely-sdk",
-  "version": "5.2.1",
+  "version": "5.3.0",
   "description": "JavaScript SDK for Optimizely Feature Experimentation, Optimizely Full Stack (legacy), and Optimizely Rollouts",
   "module": "dist/optimizely.browser.es.js",
   "main": "dist/optimizely.node.min.js",
diff --git a/tests/index.react_native.spec.ts b/tests/index.react_native.spec.ts
index afc59cc56..eed2fe69c 100644
--- a/tests/index.react_native.spec.ts
+++ b/tests/index.react_native.spec.ts
@@ -90,7 +90,7 @@ describe('javascript-sdk/react-native', () => {
 
         expect(optlyInstance).toBeInstanceOf(Optimizely);
         // @ts-ignore
-        expect(optlyInstance.clientVersion).toEqual('5.2.1');
+        expect(optlyInstance.clientVersion).toEqual('5.3.0');
       });
 
       it('should set the React Native JS client engine and javascript SDK version', () => {