diff --git a/ChangeLog-10.1.md b/ChangeLog-10.1.md
index a1f327340..27cb92fbf 100644
--- a/ChangeLog-10.1.md
+++ b/ChangeLog-10.1.md
@@ -2,6 +2,12 @@
 
 All notable changes are documented in this file using the [Keep a CHANGELOG](http://keepachangelog.com/) principles.
 
+## [10.1.16] - 2024-08-22
+
+### Changed
+
+* Updated dependencies (so that users that install using Composer's `--prefer-lowest` CLI option also get recent versions)
+
 ## [10.1.15] - 2024-06-29
 
 ### Fixed
@@ -107,6 +113,7 @@ All notable changes are documented in this file using the [Keep a CHANGELOG](htt
 
 * The `SebastianBergmann\CodeCoverage\Filter::includeDirectory()`, `SebastianBergmann\CodeCoverage\Filter::excludeDirectory()`, and `SebastianBergmann\CodeCoverage\Filter::excludeFile()` methods are now deprecated
 
+[10.1.16]: https://github.com/sebastianbergmann/php-code-coverage/compare/10.1.15...10.1.16
 [10.1.15]: https://github.com/sebastianbergmann/php-code-coverage/compare/10.1.14...10.1.15
 [10.1.14]: https://github.com/sebastianbergmann/php-code-coverage/compare/10.1.13...10.1.14
 [10.1.13]: https://github.com/sebastianbergmann/php-code-coverage/compare/10.1.12...10.1.13
diff --git a/src/Version.php b/src/Version.php
index e30910b9f..80b27f4d4 100644
--- a/src/Version.php
+++ b/src/Version.php
@@ -19,7 +19,7 @@ final class Version
     public static function id(): string
     {
         if (self::$version === '') {
-            self::$version = (new VersionId('10.1.15', dirname(__DIR__)))->asString();
+            self::$version = (new VersionId('10.1.16', dirname(__DIR__)))->asString();
         }
 
         return self::$version;