diff --git a/CHANGELOG.md b/CHANGELOG.md
deleted file mode 100644
index 0b04977..0000000
--- a/CHANGELOG.md
+++ /dev/null
@@ -1,42 +0,0 @@
-# Changelog
-
-## v1.3.0 - 2023-06-22
-
-- Updated OpenTelemetry to
-  [v1.3.0](https://github.com/open-telemetry/opentelemetry-ruby/blob/main/sdk/CHANGELOG.md#v130--2023-06-08).
-
-## v1.2.0 - 2022-10-15
-
-- Updated OpenTelemetry to
-  [v1.2.0](https://github.com/open-telemetry/opentelemetry-ruby/blob/main/sdk/CHANGELOG.md#v120--2022-09-14).
-
-## v1.0.1 - 2021-11-08
-
-- Updated OpenTelemetry to
-  [v1.0.1](https://github.com/open-telemetry/opentelemetry-ruby/blob/main/sdk/CHANGELOG.md#v101--2021-10-29).
-
-## v1.0.0 - 2021-10-06
-
-- Updated OpenTelemetry to
-  [v1.0.0](https://github.com/open-telemetry/opentelemetry-ruby/blob/main/api/CHANGELOG.md#v100--2021-09-29).
-
-## v1.0.0.rc3 - 2021-08-17
-
-- Updated OpenTelemetry to
-  [v1.0.0.rc3](https://github.com/open-telemetry/opentelemetry-ruby/blob/main/api/CHANGELOG.md#v100rc3--2021-08-12).
-- Switched to using OTLP protocol.
-
-## v1.0.0.rc1 - 2021-05-22
-
-- Updated OpenTelemetry to
-  [v1.0.0.rc1](https://github.com/open-telemetry/opentelemetry-ruby/blob/main/api/CHANGELOG.md#v100rc1--2021-05-21).
-
-## v0.17.0 - 2021-04-24
-
-- Updated OpenTelemetry to
-  [v0.17.0](https://github.com/open-telemetry/opentelemetry-ruby/blob/main/api/CHANGELOG.md#v0170--2021-04-22).
-
-## v0.16.2 - 2021-03-28
-
-- Updated OpenTelemetry to
-  [v0.16.0](https://github.com/open-telemetry/opentelemetry-ruby/blob/main/api/CHANGELOG.md#v0160--2021-03-17).
diff --git a/Gemfile.lock b/Gemfile.lock
index 533e73f..1438afd 100644
--- a/Gemfile.lock
+++ b/Gemfile.lock
@@ -1,24 +1,24 @@
 PATH
   remote: .
   specs:
-    uptrace (1.3.0)
-      opentelemetry-exporter-otlp (~> 0.26.1)
-      opentelemetry-sdk (~> 1.3.1)
+    uptrace (1.4.0)
+      opentelemetry-exporter-otlp (~> 0.26.2)
+      opentelemetry-sdk (~> 1.4.0)
 
 GEM
   remote: https://rubygems.org/
   specs:
     ast (2.4.2)
-    google-protobuf (3.25.0-x86_64-linux)
-    googleapis-common-protos-types (1.10.0)
+    google-protobuf (3.25.2-x86_64-linux)
+    googleapis-common-protos-types (1.11.0)
       google-protobuf (~> 3.18)
-    json (2.6.3)
+    json (2.7.1)
     language_server-protocol (3.17.0.3)
-    minitest (5.20.0)
+    minitest (5.21.2)
     opentelemetry-api (1.2.3)
     opentelemetry-common (0.20.0)
       opentelemetry-api (~> 1.0)
-    opentelemetry-exporter-otlp (0.26.1)
+    opentelemetry-exporter-otlp (0.26.2)
       google-protobuf (~> 3.14)
       googleapis-common-protos-types (~> 1.3)
       opentelemetry-api (~> 1.1)
@@ -27,21 +27,21 @@ GEM
       opentelemetry-semantic_conventions
     opentelemetry-registry (0.3.0)
       opentelemetry-api (~> 1.1)
-    opentelemetry-sdk (1.3.1)
+    opentelemetry-sdk (1.4.0)
       opentelemetry-api (~> 1.1)
       opentelemetry-common (~> 0.20)
       opentelemetry-registry (~> 0.2)
       opentelemetry-semantic_conventions
     opentelemetry-semantic_conventions (1.10.0)
       opentelemetry-api (~> 1.0)
-    parallel (1.23.0)
-    parser (3.2.2.4)
+    parallel (1.24.0)
+    parser (3.3.0.5)
       ast (~> 2.4.1)
       racc
     racc (1.7.3)
     rainbow (3.1.1)
     rake (13.1.0)
-    regexp_parser (2.8.2)
+    regexp_parser (2.9.0)
     rexml (3.2.6)
     rubocop (1.57.2)
       json (~> 2.3)
diff --git a/example/basic/Gemfile.lock b/example/basic/Gemfile.lock
index 7cfaeb6..2eb7ad1 100644
--- a/example/basic/Gemfile.lock
+++ b/example/basic/Gemfile.lock
@@ -1,20 +1,20 @@
 PATH
   remote: ../..
   specs:
-    uptrace (1.3.0)
-      opentelemetry-exporter-otlp (~> 0.26.1)
-      opentelemetry-sdk (~> 1.3.1)
+    uptrace (1.4.0)
+      opentelemetry-exporter-otlp (~> 0.26.2)
+      opentelemetry-sdk (~> 1.4.0)
 
 GEM
   remote: https://rubygems.org/
   specs:
-    google-protobuf (3.25.0-x86_64-linux)
-    googleapis-common-protos-types (1.10.0)
+    google-protobuf (3.25.2-x86_64-linux)
+    googleapis-common-protos-types (1.11.0)
       google-protobuf (~> 3.18)
     opentelemetry-api (1.2.3)
     opentelemetry-common (0.20.0)
       opentelemetry-api (~> 1.0)
-    opentelemetry-exporter-otlp (0.26.1)
+    opentelemetry-exporter-otlp (0.26.2)
       google-protobuf (~> 3.14)
       googleapis-common-protos-types (~> 1.3)
       opentelemetry-api (~> 1.1)
@@ -23,7 +23,7 @@ GEM
       opentelemetry-semantic_conventions
     opentelemetry-registry (0.3.0)
       opentelemetry-api (~> 1.1)
-    opentelemetry-sdk (1.3.1)
+    opentelemetry-sdk (1.4.0)
       opentelemetry-api (~> 1.1)
       opentelemetry-common (~> 0.20)
       opentelemetry-registry (~> 0.2)
diff --git a/lib/uptrace/version.rb b/lib/uptrace/version.rb
index 9d72dc3..a1b8365 100644
--- a/lib/uptrace/version.rb
+++ b/lib/uptrace/version.rb
@@ -1,5 +1,5 @@
 # frozen_string_literal: true
 
 module Uptrace
-  VERSION = '1.3.1'
+  VERSION = '1.4.0'
 end
diff --git a/uptrace.gemspec b/uptrace.gemspec
index 3d02335..0a1eb58 100644
--- a/uptrace.gemspec
+++ b/uptrace.gemspec
@@ -25,8 +25,8 @@ Gem::Specification.new do |spec|
   spec.require_paths = ['lib']
   spec.required_ruby_version = '>= 3.0'
 
-  spec.add_dependency 'opentelemetry-exporter-otlp', '~> 0.26.1'
-  spec.add_dependency 'opentelemetry-sdk', '~> 1.3.1'
+  spec.add_dependency 'opentelemetry-exporter-otlp', '~> 0.26.2'
+  spec.add_dependency 'opentelemetry-sdk', '~> 1.4.0'
 
   spec.add_development_dependency 'bundler', '~> 2.2'
   spec.add_development_dependency 'minitest', '~> 5.0'