diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index c3f1463..41ea87d 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,3 +1,3 @@
 {
-  ".": "1.2.0"
+  ".": "1.2.1"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index db70a15..1cf6dae 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -2,6 +2,13 @@
 
 All notable changes to the LaunchDarkly Python OTEL package will be documented in this file. This project adheres to [Semantic Versioning](http://semver.org).
 
+## [1.2.1](https://github.com/launchdarkly/python-server-sdk-otel/compare/1.2.0...1.2.1) (2026-09-09)
+
+
+### Bug Fixes
+
+* conform feature_flag span event to the OTEL spec ([#54](https://github.com/launchdarkly/python-server-sdk-otel/issues/54)) ([6308ee8](https://github.com/launchdarkly/python-server-sdk-otel/commit/6308ee8b8cb8c8b46fed8f42cc16fd0a61a452de))
+
 ## [1.2.0](https://github.com/launchdarkly/python-server-sdk-otel/compare/1.1.0...1.2.0) (2025-07-11)
 
 
diff --git a/PROVENANCE.md b/PROVENANCE.md
index 064f8f4..e256fc2 100644
--- a/PROVENANCE.md
+++ b/PROVENANCE.md
@@ -9,7 +9,7 @@ To verify build provenance attestations, we recommend using the [GitHub CLI `att
 <!-- x-release-please-start-version -->
 ```
 # Set the version of the library to verify
-VERSION=1.2.0
+VERSION=1.2.1
 ```
 <!-- x-release-please-end -->
 
diff --git a/ldotel/__init__.py b/ldotel/__init__.py
index 1613b41..b970fa3 100644
--- a/ldotel/__init__.py
+++ b/ldotel/__init__.py
@@ -1 +1 @@
-__version__ = "1.2.0"  # x-release-please-version
+__version__ = "1.2.1"  # x-release-please-version
diff --git a/pyproject.toml b/pyproject.toml
index 043b11d..e9ea432 100644
--- a/pyproject.toml
+++ b/pyproject.toml
@@ -1,6 +1,6 @@
 [tool.poetry]
 name = "launchdarkly-server-sdk-otel"
-version = "1.2.0"
+version = "1.2.1"
 description = "LaunchDarkly SDK OpenTelemetry integration"
 authors = ["LaunchDarkly <dev@launchdarkly.com>"]
 license = "Apache-2.0"