diff --git a/.release-please-manifest.json b/.release-please-manifest.json
index c0e255142..b7b12ba92 100644
--- a/.release-please-manifest.json
+++ b/.release-please-manifest.json
@@ -1,4 +1,4 @@
 {
-  ".": "0.4.0",
+  ".": "0.3.0",
   "apis": "0.2.38"
 }
diff --git a/CHANGELOG.md b/CHANGELOG.md
index 3037b8adb..745718ae5 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,49 +1,5 @@
 # Changelog
 
-## [0.4.0](https://github.com/open-feature/open-feature-operator/compare/v0.3.0...v0.4.0) (2023-11-29)
-
-
-### ⚠ BREAKING CHANGES
-
-* use v1beta1 in operator logic ([#539](https://github.com/open-feature/open-feature-operator/issues/539))
-
-### ✨ New Features
-
-* Introduce v1beta1 API version ([#535](https://github.com/open-feature/open-feature-operator/issues/535)) ([3acd492](https://github.com/open-feature/open-feature-operator/commit/3acd49289a40e8f07fd20aad46185ac42ceb1b7a))
-* prepare apis for v1beta1 controllers onboarding ([#549](https://github.com/open-feature/open-feature-operator/issues/549)) ([e3c8b42](https://github.com/open-feature/open-feature-operator/commit/e3c8b4290be99d78b88ffef686531a38b97e61be))
-* release APIs and Operator independently ([#541](https://github.com/open-feature/open-feature-operator/issues/541)) ([7b1af42](https://github.com/open-feature/open-feature-operator/commit/7b1af42ac41e63ccbb1820b31f579ffea679cff6))
-* restricting sidecar image and tag setup ([#550](https://github.com/open-feature/open-feature-operator/issues/550)) ([233be79](https://github.com/open-feature/open-feature-operator/commit/233be79b56ccca32a1cb041bce53a9848f032a60))
-* update api version to v0.2.38 ([#561](https://github.com/open-feature/open-feature-operator/issues/561)) ([d1f2477](https://github.com/open-feature/open-feature-operator/commit/d1f247727c5b6f4cb5154e94f1090aee0a442346))
-* use v1beta1 in operator logic ([#539](https://github.com/open-feature/open-feature-operator/issues/539)) ([d234410](https://github.com/open-feature/open-feature-operator/commit/d234410a809760ba1c8592f95be56891e0cae855))
-
-
-### 🐛 Bug Fixes
-
-* Revert "chore: release apis 0.2.38" ([#557](https://github.com/open-feature/open-feature-operator/issues/557)) ([ccb8c1d](https://github.com/open-feature/open-feature-operator/commit/ccb8c1d6e12aa36e33239fd96bebbc57fc4ea3bc))
-* Revert "feat: update api version to v0.2.38" ([#562](https://github.com/open-feature/open-feature-operator/issues/562)) ([e231787](https://github.com/open-feature/open-feature-operator/commit/e2317877451163b70d0fe8fb073937d3c7586b31))
-
-
-### 🧹 Chore
-
-* clean up unused API code after moving to v1beta1 ([#543](https://github.com/open-feature/open-feature-operator/issues/543)) ([1287b07](https://github.com/open-feature/open-feature-operator/commit/1287b0785fd99cb8bfeaf9fe112aa8a0ed6f5cf9))
-* **deps:** update actions/setup-node action to v3.8.1 ([#522](https://github.com/open-feature/open-feature-operator/issues/522)) ([32ddf00](https://github.com/open-feature/open-feature-operator/commit/32ddf002e6c20732d990283946ec124304827bd3))
-* fix file source documentation ([#556](https://github.com/open-feature/open-feature-operator/issues/556)) ([318c52d](https://github.com/open-feature/open-feature-operator/commit/318c52d2ba38dbfee6deb3f06d3392dc14d80a6c))
-* ignore component for release tag and make release dependable ([#564](https://github.com/open-feature/open-feature-operator/issues/564)) ([5ac4be3](https://github.com/open-feature/open-feature-operator/commit/5ac4be3a24f73f1b66346840a3084f1ff5030627))
-* refactor code to decrease complexity ([#554](https://github.com/open-feature/open-feature-operator/issues/554)) ([17a547f](https://github.com/open-feature/open-feature-operator/commit/17a547f88595cb6c177ca93e1a8b4ad49f3c1a5f))
-* release apis 0.2.37 ([#544](https://github.com/open-feature/open-feature-operator/issues/544)) ([854e72d](https://github.com/open-feature/open-feature-operator/commit/854e72d964fce51082220a60fc8a7319676e49c3))
-* release apis 0.2.38 ([#548](https://github.com/open-feature/open-feature-operator/issues/548)) ([c6165d4](https://github.com/open-feature/open-feature-operator/commit/c6165d426b5be2af89e03695d24fe0b802fb1fe2))
-* release apis 0.2.38 ([#558](https://github.com/open-feature/open-feature-operator/issues/558)) ([4ecbc9b](https://github.com/open-feature/open-feature-operator/commit/4ecbc9b8eeac4e1e86c0f4e11ffedf3dbc376f9a))
-* release apis 0.2.38 ([#560](https://github.com/open-feature/open-feature-operator/issues/560)) ([069e275](https://github.com/open-feature/open-feature-operator/commit/069e2754210d1a71bc5b70c0d4e6e193f62a7bcb))
-* release operator 0.3.0 ([#545](https://github.com/open-feature/open-feature-operator/issues/545)) ([002f2dd](https://github.com/open-feature/open-feature-operator/commit/002f2ddec77a2caf919280fb9bfe74ab092c27a5))
-* revert recent release ([#559](https://github.com/open-feature/open-feature-operator/issues/559)) ([f7c79e4](https://github.com/open-feature/open-feature-operator/commit/f7c79e4c6f5a5dee05d7db1796bfb9891dbd53a0))
-* use apis tag instead of local replace ([#546](https://github.com/open-feature/open-feature-operator/issues/546)) ([1856918](https://github.com/open-feature/open-feature-operator/commit/18569182c1f2eca3e29e9428a64239ac16ea3c08))
-* use github-action for golangci-lint workflow ([#538](https://github.com/open-feature/open-feature-operator/issues/538)) ([a97d336](https://github.com/open-feature/open-feature-operator/commit/a97d336468d5a9b50662f4979784c8388ec10ec1))
-
-
-### 📚 Documentation
-
-* use v1beta1 API version ([#553](https://github.com/open-feature/open-feature-operator/issues/553)) ([ccc0471](https://github.com/open-feature/open-feature-operator/commit/ccc0471c15cb42a338cd4c1a69b0b1f7c7828837))
-
 ## [0.3.0](https://github.com/open-feature/open-feature-operator/compare/operator-v0.2.36...operator/v0.3.0) (2023-11-29)
 
 
diff --git a/Makefile b/Makefile
index 4ddfdc3aa..937f3d3f7 100644
--- a/Makefile
+++ b/Makefile
@@ -6,7 +6,7 @@ ARCH?=amd64
 IMG?=$(RELEASE_REGISTRY)/$(RELEASE_IMAGE)
 # customize overlay to be used in the build, DEFAULT or HELM
 KUSTOMIZE_OVERLAY ?= DEFAULT
-CHART_VERSION=v0.4.0# x-release-please-version
+CHART_VERSION=v0.3.0# x-release-please-version
 # ENVTEST_K8S_VERSION refers to the version of kubebuilder assets to be downloaded by envtest binary.
 ENVTEST_K8S_VERSION = 1.26.1
 
diff --git a/chart/open-feature-operator/Chart.yaml b/chart/open-feature-operator/Chart.yaml
index 2c20d8742..100c15126 100755
--- a/chart/open-feature-operator/Chart.yaml
+++ b/chart/open-feature-operator/Chart.yaml
@@ -13,12 +13,12 @@ type: application
 # This is the chart version. This version number should be incremented each time you make changes
 # to the chart and its templates, including the app version.
 # Versions are expected to follow Semantic Versioning (https://semver.org/)
-version: "v0.4.0" # x-release-please-version
+version: "v0.3.0" # x-release-please-version
 # This is the version number of the application being deployed. This version number should be
 # incremented each time you make changes to the application. Versions are not expected to
 # follow Semantic Versioning. They should reflect the version the application is using.
 # It is recommended to use it with quotes.
-appVersion: "v0.4.0" # x-release-please-version
+appVersion: "v0.3.0" # x-release-please-version
 
 home: https://openfeature.dev
 icon: https://open-feature.github.io/open-feature-operator/chart/open-feature-operator/openfeature-logo.png
diff --git a/chart/open-feature-operator/values.yaml b/chart/open-feature-operator/values.yaml
index 52bb30591..02fd08c0d 100644
--- a/chart/open-feature-operator/values.yaml
+++ b/chart/open-feature-operator/values.yaml
@@ -74,7 +74,7 @@ controllerManager:
       ## @param controllerManager.manager.image.repository Sets the image for the operator.
       repository: ghcr.io/open-feature/open-feature-operator
       ## @param controllerManager.manager.image.tag Sets the version tag for the operator.
-      tag: v0.4.0 # x-release-please-version
+      tag: v0.3.0 # x-release-please-version
     resources:
       limits:
         ## @param controllerManager.manager.resources.limits.cpu Sets cpu resource limits for operator.
diff --git a/docs/installation.md b/docs/installation.md
index 37f106087..344a64cb0 100644
--- a/docs/installation.md
+++ b/docs/installation.md
@@ -65,13 +65,13 @@ Apply the release yaml directly via kubectl
 <!-- x-release-please-start-version -->
 ```sh
 kubectl create namespace open-feature-operator-system &&
-kubectl apply -f https://github.com/open-feature/open-feature-operator/releases/download/v0.4.0/release.yaml
+kubectl apply -f https://github.com/open-feature/open-feature-operator/releases/download/v0.3.0/release.yaml
 ```
 <!-- x-release-please-end -->
 ### Uninstall
 <!-- x-release-please-start-version -->
 ```sh
-kubectl delete -f https://github.com/open-feature/open-feature-operator/releases/download/v0.4.0/release.yaml &&
+kubectl delete -f https://github.com/open-feature/open-feature-operator/releases/download/v0.3.0/release.yaml &&
 kubectl delete namespace open-feature-operator-system
 ```
 <!-- x-release-please-end -->
diff --git a/docs/quick_start.md b/docs/quick_start.md
index ee28e948a..76e0580fd 100644
--- a/docs/quick_start.md
+++ b/docs/quick_start.md
@@ -40,7 +40,7 @@ helm upgrade --install openfeature openfeature/open-feature-operator
 <!-- x-release-please-start-version -->
 ```sh
 kubectl create namespace open-feature-operator-system &&
-kubectl apply -f https://github.com/open-feature/open-feature-operator/releases/download/v0.4.0/release.yaml
+kubectl apply -f https://github.com/open-feature/open-feature-operator/releases/download/v0.3.0/release.yaml
 ```
 <!-- x-release-please-end -->