diff --git a/package-lock.json b/package-lock.json
index 683d417c..c4fba6d1 100644
--- a/package-lock.json
+++ b/package-lock.json
@@ -11,7 +11,7 @@
       "dependencies": {
         "@edx/brand": "npm:@edx/brand-openedx@1.2.0",
         "@edx/frontend-platform": "4.5.1",
-        "@edx/paragon": "20.40.0",
+        "@edx/paragon": "20.40.1",
         "@fortawesome/fontawesome-svg-core": "6.4.0",
         "@fortawesome/free-brands-svg-icons": "6.4.0",
         "@fortawesome/free-solid-svg-icons": "6.4.0",
@@ -3142,9 +3142,9 @@
       }
     },
     "node_modules/@edx/paragon": {
-      "version": "20.40.0",
-      "resolved": "https://registry.npmjs.org/@edx/paragon/-/paragon-20.40.0.tgz",
-      "integrity": "sha512-VnLH0+JFOowYAP29q8O9z4rU3KOienN2RR6KmxymqjSKMIs1t3dG3ILySg5YU36kVOJU2rNblJ+yUrzK+MXDUQ==",
+      "version": "20.40.1",
+      "resolved": "https://registry.npmjs.org/@edx/paragon/-/paragon-20.40.1.tgz",
+      "integrity": "sha512-7CNR+h94ATKFDo0O5RkJJh4n3sNXV5uxz/u3htUGkGxZd/pAR6xT0OEe8XIaA66/6Son9K1vk/hut3Mkdg6ZNQ==",
       "dependencies": {
         "@fortawesome/fontawesome-svg-core": "^6.1.1",
         "@fortawesome/react-fontawesome": "^0.1.18",
diff --git a/package.json b/package.json
index 99ae385d..c449f947 100644
--- a/package.json
+++ b/package.json
@@ -34,7 +34,7 @@
   "dependencies": {
     "@edx/brand": "npm:@edx/brand-openedx@1.2.0",
     "@edx/frontend-platform": "4.5.1",
-    "@edx/paragon": "20.40.0",
+    "@edx/paragon": "20.40.1",
     "@fortawesome/fontawesome-svg-core": "6.4.0",
     "@fortawesome/free-brands-svg-icons": "6.4.0",
     "@fortawesome/free-solid-svg-icons": "6.4.0",