diff --git a/changelog.d/13551.feature b/changelog.d/13551.feature
new file mode 100644
index 000000000..365673a3c
--- /dev/null
+++ b/changelog.d/13551.feature
@@ -0,0 +1 @@
+Add `org.matrix.msc2716v4` experimental room version with updated content fields.
diff --git a/synapse/api/constants.py b/synapse/api/constants.py
index 1d46fb0e4..c73aea622 100644
--- a/synapse/api/constants.py
+++ b/synapse/api/constants.py
@@ -216,11 +216,11 @@ class EventContentFields:
     MSC2716_HISTORICAL: Final = "org.matrix.msc2716.historical"
     # For "insertion" events to indicate what the next batch ID should be in
     # order to connect to it
-    MSC2716_NEXT_BATCH_ID: Final = "org.matrix.msc2716.next_batch_id"
+    MSC2716_NEXT_BATCH_ID: Final = "next_batch_id"
     # Used on "batch" events to indicate which insertion event it connects to
-    MSC2716_BATCH_ID: Final = "org.matrix.msc2716.batch_id"
+    MSC2716_BATCH_ID: Final = "batch_id"
     # For "marker" events
-    MSC2716_MARKER_INSERTION: Final = "org.matrix.msc2716.marker.insertion"
+    MSC2716_INSERTION_EVENT_REFERENCE: Final = "insertion_event_reference"
 
     # The authorising user for joining a restricted room.
     AUTHORISING_USER: Final = "join_authorised_via_users_server"
diff --git a/synapse/api/room_versions.py b/synapse/api/room_versions.py
index 00e81b3af..a0e4ab6db 100644
--- a/synapse/api/room_versions.py
+++ b/synapse/api/room_versions.py
@@ -269,24 +269,6 @@ class RoomVersions:
         msc3787_knock_restricted_join_rule=False,
         msc3667_int_only_power_levels=False,
     )
-    MSC2716v3 = RoomVersion(
-        "org.matrix.msc2716v3",
-        RoomDisposition.UNSTABLE,
-        EventFormatVersions.V3,
-        StateResolutionVersions.V2,
-        enforce_key_validity=True,
-        special_case_aliases_auth=False,
-        strict_canonicaljson=True,
-        limit_notifications_power_levels=True,
-        msc2176_redaction_rules=False,
-        msc3083_join_rules=False,
-        msc3375_redaction_rules=False,
-        msc2403_knocking=True,
-        msc2716_historical=True,
-        msc2716_redactions=True,
-        msc3787_knock_restricted_join_rule=False,
-        msc3667_int_only_power_levels=False,
-    )
     MSC3787 = RoomVersion(
         "org.matrix.msc3787",
         RoomDisposition.UNSTABLE,
@@ -323,6 +305,24 @@ class RoomVersions:
         msc3787_knock_restricted_join_rule=True,
         msc3667_int_only_power_levels=True,
     )
+    MSC2716v4 = RoomVersion(
+        "org.matrix.msc2716v4",
+        RoomDisposition.UNSTABLE,
+        EventFormatVersions.V3,
+        StateResolutionVersions.V2,
+        enforce_key_validity=True,
+        special_case_aliases_auth=False,
+        strict_canonicaljson=True,
+        limit_notifications_power_levels=True,
+        msc2176_redaction_rules=False,
+        msc3083_join_rules=False,
+        msc3375_redaction_rules=False,
+        msc2403_knocking=True,
+        msc2716_historical=True,
+        msc2716_redactions=True,
+        msc3787_knock_restricted_join_rule=False,
+        msc3667_int_only_power_levels=False,
+    )
 
 
 KNOWN_ROOM_VERSIONS: Dict[str, RoomVersion] = {
@@ -338,9 +338,9 @@ KNOWN_ROOM_VERSIONS: Dict[str, RoomVersion] = {
         RoomVersions.V7,
         RoomVersions.V8,
         RoomVersions.V9,
-        RoomVersions.MSC2716v3,
         RoomVersions.MSC3787,
         RoomVersions.V10,
+        RoomVersions.MSC2716v4,
     )
 }
 
diff --git a/synapse/events/utils.py b/synapse/events/utils.py
index ac91c5eb5..71853caad 100644
--- a/synapse/events/utils.py
+++ b/synapse/events/utils.py
@@ -161,7 +161,7 @@ def prune_event_dict(room_version: RoomVersion, event_dict: JsonDict) -> JsonDic
     elif room_version.msc2716_redactions and event_type == EventTypes.MSC2716_BATCH:
         add_fields(EventContentFields.MSC2716_BATCH_ID)
     elif room_version.msc2716_redactions and event_type == EventTypes.MSC2716_MARKER:
-        add_fields(EventContentFields.MSC2716_MARKER_INSERTION)
+        add_fields(EventContentFields.MSC2716_INSERTION_EVENT_REFERENCE)
 
     allowed_fields = {k: v for k, v in event_dict.items() if k in allowed_keys}
 
diff --git a/synapse/handlers/federation_event.py b/synapse/handlers/federation_event.py
index f40b071a7..32326975a 100644
--- a/synapse/handlers/federation_event.py
+++ b/synapse/handlers/federation_event.py
@@ -1384,7 +1384,7 @@ class FederationEventHandler:
         logger.debug("_handle_marker_event: received %s", marker_event)
 
         insertion_event_id = marker_event.content.get(
-            EventContentFields.MSC2716_MARKER_INSERTION
+            EventContentFields.MSC2716_INSERTION_EVENT_REFERENCE
         )
 
         if insertion_event_id is None: