diff --git a/CHANGELOG.md b/CHANGELOG.md
index 44f187edf4e..3bc712c0f13 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,3 +1,23 @@
+## [3.4.4](https://github.com/vuejs/core/compare/v3.4.3...v3.4.4) (2024-01-03)
+
+
+### Bug Fixes
+
+* **compiler-sfc:** fix scss source map regression ([71d3121](https://github.com/vuejs/core/commit/71d3121b72c449351e718ee1539bdfa35b68bb32)), closes [#9970](https://github.com/vuejs/core/issues/9970) [#9969](https://github.com/vuejs/core/issues/9969)
+* **compiler-sfc:** use compilerOptions when re-parsing consumed AST ([d94d8d4](https://github.com/vuejs/core/commit/d94d8d4bffd1daf171a655b292745ffc3e63052d))
+* **defineModel:** support kebab-case/camelCase mismatches ([#9950](https://github.com/vuejs/core/issues/9950)) ([10ccb9b](https://github.com/vuejs/core/commit/10ccb9bfa0f5f3016207fc32b9611bab98e6f090))
+* **runtime-core:** correctly assign suspenseId to avoid conflicts with the default id ([#9966](https://github.com/vuejs/core/issues/9966)) ([0648804](https://github.com/vuejs/core/commit/06488047c184dae3070d0008379716690edceb46)), closes [#9944](https://github.com/vuejs/core/issues/9944)
+* **ssr:** avoid rendering transition-group slot content as a fragment ([#9961](https://github.com/vuejs/core/issues/9961)) ([0160264](https://github.com/vuejs/core/commit/0160264d677478ee928e8e851f39a9e94f97e337)), closes [#9933](https://github.com/vuejs/core/issues/9933)
+* **watch:** remove instance unmounted short circuit in getter of `watchEffect` ([#9948](https://github.com/vuejs/core/issues/9948)) ([f300a40](https://github.com/vuejs/core/commit/f300a4001ec40cadef2520267eb5841ab48cf005))
+* **watch:** revert watch behavior when watching shallow reactive objects ([a9f781a](https://github.com/vuejs/core/commit/a9f781a92cbc7de7b25c9e3d5b1295ca99eb6d86)), closes [#9965](https://github.com/vuejs/core/issues/9965)
+
+
+### Performance Improvements
+
+* **watch:** avoid double traverse for reactive source ([24d77c2](https://github.com/vuejs/core/commit/24d77c25ce5d5356adb5367beef1d23e6e340b35))
+
+
+
 ## [3.4.3](https://github.com/vuejs/core/compare/v3.4.2...v3.4.3) (2023-12-30)
 
 
diff --git a/package.json b/package.json
index 0c0eb1b02a1..ee2404ca206 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "private": true,
-  "version": "3.4.3",
+  "version": "3.4.4",
   "packageManager": "pnpm@8.14.0",
   "type": "module",
   "scripts": {
diff --git a/packages/compiler-core/package.json b/packages/compiler-core/package.json
index d310ab7f122..1c7692811c4 100644
--- a/packages/compiler-core/package.json
+++ b/packages/compiler-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-core",
-  "version": "3.4.3",
+  "version": "3.4.4",
   "description": "@vue/compiler-core",
   "main": "index.js",
   "module": "dist/compiler-core.esm-bundler.js",
diff --git a/packages/compiler-dom/package.json b/packages/compiler-dom/package.json
index 71cdb083256..81904228feb 100644
--- a/packages/compiler-dom/package.json
+++ b/packages/compiler-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-dom",
-  "version": "3.4.3",
+  "version": "3.4.4",
   "description": "@vue/compiler-dom",
   "main": "index.js",
   "module": "dist/compiler-dom.esm-bundler.js",
diff --git a/packages/compiler-sfc/package.json b/packages/compiler-sfc/package.json
index 04fddbd81f7..ba1ec3ce6e3 100644
--- a/packages/compiler-sfc/package.json
+++ b/packages/compiler-sfc/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-sfc",
-  "version": "3.4.3",
+  "version": "3.4.4",
   "description": "@vue/compiler-sfc",
   "main": "dist/compiler-sfc.cjs.js",
   "module": "dist/compiler-sfc.esm-browser.js",
diff --git a/packages/compiler-ssr/package.json b/packages/compiler-ssr/package.json
index 3ef67c47cca..cb769f12087 100644
--- a/packages/compiler-ssr/package.json
+++ b/packages/compiler-ssr/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compiler-ssr",
-  "version": "3.4.3",
+  "version": "3.4.4",
   "description": "@vue/compiler-ssr",
   "main": "dist/compiler-ssr.cjs.js",
   "types": "dist/compiler-ssr.d.ts",
diff --git a/packages/reactivity/package.json b/packages/reactivity/package.json
index 618b38c162e..e42c4517a7e 100644
--- a/packages/reactivity/package.json
+++ b/packages/reactivity/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/reactivity",
-  "version": "3.4.3",
+  "version": "3.4.4",
   "description": "@vue/reactivity",
   "main": "index.js",
   "module": "dist/reactivity.esm-bundler.js",
diff --git a/packages/runtime-core/package.json b/packages/runtime-core/package.json
index 01a2e70899d..14981ebc616 100644
--- a/packages/runtime-core/package.json
+++ b/packages/runtime-core/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-core",
-  "version": "3.4.3",
+  "version": "3.4.4",
   "description": "@vue/runtime-core",
   "main": "index.js",
   "module": "dist/runtime-core.esm-bundler.js",
diff --git a/packages/runtime-dom/package.json b/packages/runtime-dom/package.json
index cea1db55e8d..71c3a7e5de0 100644
--- a/packages/runtime-dom/package.json
+++ b/packages/runtime-dom/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/runtime-dom",
-  "version": "3.4.3",
+  "version": "3.4.4",
   "description": "@vue/runtime-dom",
   "main": "index.js",
   "module": "dist/runtime-dom.esm-bundler.js",
diff --git a/packages/server-renderer/package.json b/packages/server-renderer/package.json
index da1400f6adc..1c1ce915bee 100644
--- a/packages/server-renderer/package.json
+++ b/packages/server-renderer/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/server-renderer",
-  "version": "3.4.3",
+  "version": "3.4.4",
   "description": "@vue/server-renderer",
   "main": "index.js",
   "module": "dist/server-renderer.esm-bundler.js",
diff --git a/packages/shared/package.json b/packages/shared/package.json
index 2cfaf25a648..6c46a5841e1 100644
--- a/packages/shared/package.json
+++ b/packages/shared/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/shared",
-  "version": "3.4.3",
+  "version": "3.4.4",
   "description": "internal utils shared across @vue packages",
   "main": "index.js",
   "module": "dist/shared.esm-bundler.js",
diff --git a/packages/vue-compat/package.json b/packages/vue-compat/package.json
index b99ffb564cc..b40b0ccad68 100644
--- a/packages/vue-compat/package.json
+++ b/packages/vue-compat/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@vue/compat",
-  "version": "3.4.3",
+  "version": "3.4.4",
   "description": "Vue 3 compatibility build for Vue 2",
   "main": "index.js",
   "module": "dist/vue.runtime.esm-bundler.js",
diff --git a/packages/vue/package.json b/packages/vue/package.json
index 8bf44f74bbb..ca8d9b19608 100644
--- a/packages/vue/package.json
+++ b/packages/vue/package.json
@@ -1,6 +1,6 @@
 {
   "name": "vue",
-  "version": "3.4.3",
+  "version": "3.4.4",
   "description": "The progressive JavaScript framework for building modern web UI.",
   "main": "index.js",
   "module": "dist/vue.runtime.esm-bundler.js",