diff --git a/Makefile b/Makefile
index cd9145c0878d..79ad2bfa24b6 100644
--- a/Makefile
+++ b/Makefile
@@ -1,8 +1,8 @@
 # SPDX-License-Identifier: GPL-2.0
 VERSION = 4
-PATCHLEVEL = 15
+PATCHLEVEL = 16
 SUBLEVEL = 0
-EXTRAVERSION =
+EXTRAVERSION = -rc1
 NAME = Fearless Coyote
 
 # *DOCUMENTATION*