diff --git a/config-templates/redhat/odf-local/4.16/deployment.yaml b/config-templates/redhat/odf-local/4.16/deployment.yaml
index 9182d85b..830a6547 100644
--- a/config-templates/redhat/odf-local/4.16/deployment.yaml
+++ b/config-templates/redhat/odf-local/4.16/deployment.yaml
@@ -4,7 +4,7 @@ metadata:
   name: ibm-openshift-container-storage
   namespace: kube-system
   annotations:
-    revision: 2
+    revision: 3
 items:
   - apiVersion: apiextensions.k8s.io/v1
     kind: CustomResourceDefinition
@@ -438,7 +438,7 @@ items:
               mountPath: /etc/storage_ibmc/cluster_info
             - mountPath: /csi
               name: socket-dir
-            image: "icr.io/obs/ibm-ocs-operator:v4.16.2"
+            image: "icr.io/obs/ibm-ocs-operator:v4.16.5"
             imagePullPolicy: Always
             name: manager
             securityContext:
diff --git a/config-templates/redhat/odf-local/4.16/metadata.json b/config-templates/redhat/odf-local/4.16/metadata.json
index 1b0d16d9..a30c8def 100644
--- a/config-templates/redhat/odf-local/4.16/metadata.json
+++ b/config-templates/redhat/odf-local/4.16/metadata.json
@@ -1,6 +1,6 @@
 {
   "name": "4.16",
-  "revision": "2",
+  "revision": "3",
   "enabled": "true",
   "status": "supported",
   "description": "ODF template for openshift 4.16 (Local storage)",
diff --git a/config-templates/redhat/odf-local/4.16/storage-class.yaml b/config-templates/redhat/odf-local/4.16/storage-class.yaml
index abd794fd..3f2fb884 100644
--- a/config-templates/redhat/odf-local/4.16/storage-class.yaml
+++ b/config-templates/redhat/odf-local/4.16/storage-class.yaml
@@ -8,7 +8,7 @@ items:
       labels:
         app.kubernetes.io/name: "redhat-odf-local"
         app.kubernetes.io/version: "v4.16.0"
-        app.kubernetes.io/revision: "2"
+        app.kubernetes.io/revision: "3"
         volume-type: "block"
         storage-class-preference: "1"
         is-user-defined-class: "false"
@@ -35,7 +35,7 @@ items:
       labels:
         app.kubernetes.io/name: "redhat-odf-local"
         app.kubernetes.io/version: "v4.16.0"
-        app.kubernetes.io/revision: "2"
+        app.kubernetes.io/revision: "3"
         volume-type: "file"
         storage-class-preference: "1"
         is-user-defined-class: "false"
@@ -59,7 +59,7 @@ items:
       labels:
         app.kubernetes.io/name: "redhat-odf-local"
         app.kubernetes.io/version: "v4.16.0"
-        app.kubernetes.io/revision: "2"
+        app.kubernetes.io/revision: "3"
         volume-type: "object"
         storage-class-preference: "2"
         is-user-defined-class: "false"
@@ -77,7 +77,7 @@ items:
       labels:
         app.kubernetes.io/name: "redhat-odf-local"
         app.kubernetes.io/version: "v4.16.0"
-        app.kubernetes.io/revision: "2"
+        app.kubernetes.io/revision: "3"
         volume-type: "object"
         storage-class-preference: "1"
         is-user-defined-class: "false"
@@ -93,7 +93,7 @@ items:
       labels:
         app.kubernetes.io/name: "redhat-odf-local"
         app.kubernetes.io/version: "v4.16.0"
-        app.kubernetes.io/revision: "2"
+        app.kubernetes.io/revision: "3"
         volume-type: "block"
         storage-class-preference: "2"
         is-user-defined-class: "false"
@@ -120,7 +120,7 @@ items:
       labels:
         app.kubernetes.io/name: "redhat-odf-local"
         app.kubernetes.io/version: "v4.16.0"
-        app.kubernetes.io/revision: "2"
+        app.kubernetes.io/revision: "3"
         volume-type: "file"
         storage-class-preference: "2"
         is-user-defined-class: "false"
diff --git a/config-templates/redhat/odf-local/changelog.json b/config-templates/redhat/odf-local/changelog.json
index 001b4147..9160a7e1 100644
--- a/config-templates/redhat/odf-local/changelog.json
+++ b/config-templates/redhat/odf-local/changelog.json
@@ -3,27 +3,27 @@
         "4.16": {
             "status": "supported",
             "latest-revision": {
-                "revision": "2",
-                "release-date": "13 December 2024",
+                "revision": "3",
+                "release-date": "02 January 2024",
                 "cves": "",
                 "golang": "1.22.7",
                 "ubi": "",
                 "new-features": [
                 ],
                 "fixes": [
-                    "Worker Pool Parameter Bug fix"
+                    "Private Cluster Support"
                 ]
             },
             "previous-revision": {
-                "revision": "1",
-                "release-date": "12 October 2024",
+                "revision": "2",
+                "release-date": "13 December 2024",
                 "cves": "",
                 "golang": "1.22.7",
                 "ubi": "",
                 "new-features": [
-                    "ODF 4.16 initial release"
                 ],
                 "fixes": [
+                    "Worker Pool Parameter Bug fix"
                 ]
             }
         }
diff --git a/config-templates/redhat/odf-remote/4.16/deployment.yaml b/config-templates/redhat/odf-remote/4.16/deployment.yaml
index f3b13ba4..d60ef9a2 100644
--- a/config-templates/redhat/odf-remote/4.16/deployment.yaml
+++ b/config-templates/redhat/odf-remote/4.16/deployment.yaml
@@ -4,7 +4,7 @@ metadata:
   name: ibm-openshift-container-storage
   namespace: kube-system
   annotations:
-    revision: 2
+    revision: 3
 items:
   - apiVersion: apiextensions.k8s.io/v1
     kind: CustomResourceDefinition
@@ -438,7 +438,7 @@ items:
               mountPath: /etc/storage_ibmc/cluster_info
             - mountPath: /csi
               name: socket-dir
-            image: "icr.io/obs/ibm-ocs-operator:v4.16.2"
+            image: "icr.io/obs/ibm-ocs-operator:v4.16.5"
             imagePullPolicy: Always
             name: manager
             securityContext:
diff --git a/config-templates/redhat/odf-remote/4.16/metadata.json b/config-templates/redhat/odf-remote/4.16/metadata.json
index b5054172..24855945 100644
--- a/config-templates/redhat/odf-remote/4.16/metadata.json
+++ b/config-templates/redhat/odf-remote/4.16/metadata.json
@@ -1,6 +1,6 @@
 {
   "name": "4.16",
-  "revision": "2",
+  "revision": "3",
   "enabled": "true",
   "status": "supported",
   "description": "ODF template for openshift 4.16 (Remote storage)",
diff --git a/config-templates/redhat/odf-remote/4.16/storage-class.yaml b/config-templates/redhat/odf-remote/4.16/storage-class.yaml
index dcc914e2..1330ddab 100644
--- a/config-templates/redhat/odf-remote/4.16/storage-class.yaml
+++ b/config-templates/redhat/odf-remote/4.16/storage-class.yaml
@@ -8,7 +8,7 @@ items:
       labels:
         app.kubernetes.io/name: "redhat-odf-remote"
         app.kubernetes.io/version: "v4.16.0"
-        app.kubernetes.io/revision: "2"
+        app.kubernetes.io/revision: "3"
         volume-type: "block"
         storage-class-preference: "1"
         is-user-defined-class: "false"
@@ -35,7 +35,7 @@ items:
       labels:
         app.kubernetes.io/name: "redhat-odf-remote"
         app.kubernetes.io/version: "v4.16.0"
-        app.kubernetes.io/revision: "2"
+        app.kubernetes.io/revision: "3"
         volume-type: "file"
         storage-class-preference: "1"
         is-user-defined-class: "false"
@@ -59,7 +59,7 @@ items:
       labels:
         app.kubernetes.io/name: "redhat-odf-remote"
         app.kubernetes.io/version: "v4.16.0"
-        app.kubernetes.io/revision: "2"
+        app.kubernetes.io/revision: "3"
         volume-type: "object"
         storage-class-preference: "2"
         is-user-defined-class: "false"
@@ -77,7 +77,7 @@ items:
       labels:
         app.kubernetes.io/name: "redhat-odf-remote"
         app.kubernetes.io/version: "v4.16.0"
-        app.kubernetes.io/revision: "2"
+        app.kubernetes.io/revision: "3"
         volume-type: "object"
         storage-class-preference: "1"
         is-user-defined-class: "false"
@@ -93,7 +93,7 @@ items:
       labels:
         app.kubernetes.io/name: "redhat-odf-remote"
         app.kubernetes.io/version: "v4.16.0"
-        app.kubernetes.io/revision: "2"
+        app.kubernetes.io/revision: "3"
         volume-type: "block"
         storage-class-preference: "2"
         is-user-defined-class: "false"
@@ -120,7 +120,7 @@ items:
       labels:
         app.kubernetes.io/name: "redhat-odf-remote"
         app.kubernetes.io/version: "v4.16.0"
-        app.kubernetes.io/revision: "2"
+        app.kubernetes.io/revision: "3"
         volume-type: "file"
         storage-class-preference: "2"
         is-user-defined-class: "false"
diff --git a/config-templates/redhat/odf-remote/changelog.json b/config-templates/redhat/odf-remote/changelog.json
index 001b4147..9160a7e1 100644
--- a/config-templates/redhat/odf-remote/changelog.json
+++ b/config-templates/redhat/odf-remote/changelog.json
@@ -3,27 +3,27 @@
         "4.16": {
             "status": "supported",
             "latest-revision": {
-                "revision": "2",
-                "release-date": "13 December 2024",
+                "revision": "3",
+                "release-date": "02 January 2024",
                 "cves": "",
                 "golang": "1.22.7",
                 "ubi": "",
                 "new-features": [
                 ],
                 "fixes": [
-                    "Worker Pool Parameter Bug fix"
+                    "Private Cluster Support"
                 ]
             },
             "previous-revision": {
-                "revision": "1",
-                "release-date": "12 October 2024",
+                "revision": "2",
+                "release-date": "13 December 2024",
                 "cves": "",
                 "golang": "1.22.7",
                 "ubi": "",
                 "new-features": [
-                    "ODF 4.16 initial release"
                 ],
                 "fixes": [
+                    "Worker Pool Parameter Bug fix"
                 ]
             }
         }