diff --git a/.changeset/pre.json b/.changeset/pre.json
index 0cf87b7a279..9669fe379db 100644
--- a/.changeset/pre.json
+++ b/.changeset/pre.json
@@ -12,6 +12,8 @@
   "changesets": [
     "beige-schools-kneel",
     "blue-stingrays-decide",
+    "breezy-boxes-jog",
+    "calm-forks-pull",
     "clever-birds-press",
     "cool-llamas-live",
     "cool-lobsters-nail",
@@ -26,6 +28,7 @@
     "four-shoes-yell",
     "four-tables-glow",
     "gold-cups-explode",
+    "green-schools-smell",
     "honest-ligers-fly",
     "lemon-candles-deny",
     "lovely-days-march",
@@ -43,14 +46,19 @@
     "six-owls-walk",
     "sixty-olives-glow",
     "soft-tips-chew",
+    "sour-cooks-dress",
+    "spicy-eggs-melt",
     "spicy-flies-sniff",
     "stale-lizards-report",
     "tall-wasps-end",
+    "tame-boats-hide",
+    "ten-masks-smoke",
     "thirty-pets-impress",
     "thirty-tips-bow",
     "tidy-clocks-marry",
     "tough-pans-punch",
     "twelve-tables-leave",
+    "wicked-books-occur",
     "yellow-tools-call",
     "young-meals-worry"
   ]
diff --git a/examples/app-router/package.json b/examples/app-router/package.json
index 3554b6c5c9e..52b1e46d250 100644
--- a/examples/app-router/package.json
+++ b/examples/app-router/package.json
@@ -10,7 +10,7 @@
     "type-check": "tsc --noEmit"
   },
   "dependencies": {
-    "@primer/react": "37.0.0-rc.4",
+    "@primer/react": "37.0.0-rc.5",
     "next": "^14.2.8",
     "react": "^18.3.1",
     "react-dom": "^18.3.1",
diff --git a/examples/codesandbox/package.json b/examples/codesandbox/package.json
index 3d03c251d8a..9fb3fa39458 100644
--- a/examples/codesandbox/package.json
+++ b/examples/codesandbox/package.json
@@ -20,7 +20,7 @@
     "@typescript-eslint/eslint-plugin": "^7.11.0",
     "@typescript-eslint/parser": "^7.3.1",
     "@vitejs/plugin-react": "^4.2.1",
-    "@primer/react": "37.0.0-rc.4",
+    "@primer/react": "37.0.0-rc.5",
     "eslint": "^8.56.0",
     "eslint-plugin-react-hooks": "^4.6.0",
     "eslint-plugin-react-refresh": "^0.4.7",
diff --git a/examples/consumer-test/package.json b/examples/consumer-test/package.json
index f0f4a5afb81..7f87af64d62 100644
--- a/examples/consumer-test/package.json
+++ b/examples/consumer-test/package.json
@@ -9,7 +9,7 @@
     "@types/react": "^18.2.14",
     "@types/react-dom": "^18.2.19",
     "@types/styled-components": "^5.1.11",
-    "@primer/react": "37.0.0-rc.4",
+    "@primer/react": "37.0.0-rc.5",
     "react": "^18.0.0",
     "react-dom": "^18.0.0",
     "styled-components": "^5.3.11",
diff --git a/packages/react/CHANGELOG.md b/packages/react/CHANGELOG.md
index 9e1a6de050c..75e43fc8d2a 100644
--- a/packages/react/CHANGELOG.md
+++ b/packages/react/CHANGELOG.md
@@ -1,5 +1,29 @@
 # @primer/react
 
+## 37.0.0-rc.5
+
+### Minor Changes
+
+- [#4885](https://github.com/primer/react/pull/4885) [`373ce95`](https://github.com/primer/react/commit/373ce95042a4e2244a220378dccfc03fa001e7cf) Thanks [@jonrohan](https://github.com/jonrohan)! - Refactor Avatar component to use CSS modules behind feature flag
+
+- [#4906](https://github.com/primer/react/pull/4906) [`dbf82f4`](https://github.com/primer/react/commit/dbf82f4576e8d071dc2d41b50396fa68ab5505c2) Thanks [@siddharthkp](https://github.com/siddharthkp)! - SelectPanel: Support <kbd>PageDown</kbd> and <kbd>PageUp</kbd> for keyboard navigation
+
+  SelectPanel: Label `listbox` by the title of the panel
+
+### Patch Changes
+
+- [#4910](https://github.com/primer/react/pull/4910) [`c2e4d5e`](https://github.com/primer/react/commit/c2e4d5eadb1a0bca3de81b6e2571585777f00a5d) Thanks [@TylerJDev](https://github.com/TylerJDev)! - Changes the accessible name of the "toggle" button in `LabelGroup` to contain the visual label
+
+- [#4941](https://github.com/primer/react/pull/4941) [`80fe025`](https://github.com/primer/react/commit/80fe025aeea23ec4fa15c50075736df4934659b5) Thanks [@langermank](https://github.com/langermank)! - Bug fix: Button loading spinner color
+
+- [#4648](https://github.com/primer/react/pull/4648) [`c6931d2`](https://github.com/primer/react/commit/c6931d20ea37888f0416429d068cc495d6cb804d) Thanks [@siddharthkp](https://github.com/siddharthkp)! - ActionMenu: Make sure event handlers on ActionMenu.Button and ActionMenu.Anchor are called
+
+- [#4794](https://github.com/primer/react/pull/4794) [`5f996c6`](https://github.com/primer/react/commit/5f996c641b44303c9b466a3d28f208300eb4f36d) Thanks [@broccolinisoup](https://github.com/broccolinisoup)! - SelectPanel: Update SelectPanel to use modern ActionList behind a feature flag `primer_react_select_panel_with_modern_action_list`
+
+- [#4954](https://github.com/primer/react/pull/4954) [`af7f589`](https://github.com/primer/react/commit/af7f58911338f542525ce650f3aa34e85f9bf811) Thanks [@joshblack](https://github.com/joshblack)! - Banner: Update alignment of actions when it is dismissible and has a hidden title
+
+- [#4943](https://github.com/primer/react/pull/4943) [`c282642`](https://github.com/primer/react/commit/c282642d0f525eca371aa1142b98482f19b366cb) Thanks [@langermank](https://github.com/langermank)! - Button bug fixes: `invisible` variant icon colors missing variables + icon button disabled state
+
 ## 37.0.0-rc.4
 
 ### Minor Changes
diff --git a/packages/react/package.json b/packages/react/package.json
index 7b9331e71c5..e8679ff509a 100644
--- a/packages/react/package.json
+++ b/packages/react/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@primer/react",
-  "version": "37.0.0-rc.4",
+  "version": "37.0.0-rc.5",
   "description": "An implementation of GitHub's Primer Design System using React",
   "main": "lib/index.js",
   "module": "lib-esm/index.js",