diff --git a/CHANGELOG.md b/CHANGELOG.md
index 4b5da51f146e..f7a471d2305e 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -22,6 +22,12 @@ Code v99.99.999
 
 ## Unreleased
 
+Code v1.122.1
+
+### Changed
+
+- Update to Code 1.122.1
+
 ## [4.122.0](https://github.com/coder/code-server/releases/tag/v4.122.0) - 2026-05-29
 
 Code v1.122.0
diff --git a/lib/vscode b/lib/vscode
index 6a49527b96e3..8761a5560cfd 160000
--- a/lib/vscode
+++ b/lib/vscode
@@ -1 +1 @@
-Subproject commit 6a49527b96e326fe62fbdb56f60e16877c9aa724
+Subproject commit 8761a5560cfd65fdd19ce7e2bd18dab5c0a4d84e