diff --git a/CHANGELOG.md b/CHANGELOG.md
index 906d453..e7df2ad 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,5 +1,10 @@
 ### Versions
 
+## 4.0.1
+###### *Jan 18, 2021*
+
+- Editor: dispose the current model if the Editor component is unmounted
+
 ## 4.0.0
 ###### *Jan 16, 2021*
 
diff --git a/package.json b/package.json
index 82d3ba4..586119e 100644
--- a/package.json
+++ b/package.json
@@ -1,6 +1,6 @@
 {
   "name": "@monaco-editor/react",
-  "version": "4.0.0",
+  "version": "4.0.1",
   "description": "Monaco editor wrapper for easy/one-line integration with React applications (e.g. powered by create-react-app) without need of webpack configuration files",
   "author": "Suren Atoyan <contact@surenatoyan.com>",
   "main": "lib/cjs/index.js",
diff --git a/src/Editor/Editor.js b/src/Editor/Editor.js
index 30ef4aa..2165a10 100644
--- a/src/Editor/Editor.js
+++ b/src/Editor/Editor.js
@@ -171,6 +171,7 @@ function Editor({
 
   function disposeEditor() {
     subscriptionRef.current?.dispose();
+    editorRef.current.getModel()?.dispose();
     editorRef.current.dispose();
   }