diff --git a/config/install.yaml b/config/install.yaml
index e7dfbd1a..cc1de785 100644
--- a/config/install.yaml
+++ b/config/install.yaml
@@ -1108,7 +1108,7 @@ spec:
         - --leader-elect
         command:
         - /manager
-        image: quay.io/numaproj/numaplane-controller:latest
+        image: quay.io/numaproj/numaplane-controller:v0.4.0
         livenessProbe:
           httpGet:
             path: /healthz
diff --git a/config/manager/kustomization.yaml b/config/manager/kustomization.yaml
index 8c11ed6c..9e7e3e90 100644
--- a/config/manager/kustomization.yaml
+++ b/config/manager/kustomization.yaml
@@ -8,4 +8,4 @@ resources:
 
 images:
   - name: quay.io/numaproj/numaplane-controller
-    newTag: latest
+    newTag: v0.4.0