diff --git a/devel/rubygem-timeout/Makefile b/devel/rubygem-timeout/Makefile
index b610115a90f0..231734265152 100644
--- a/devel/rubygem-timeout/Makefile
+++ b/devel/rubygem-timeout/Makefile
@@ -1,18 +1,19 @@
 PORTNAME=	timeout
-PORTVERSION=	0.4.1
+PORTVERSION=	0.4.2
 CATEGORIES=	devel rubygems
 MASTER_SITES=	RG
 
 MAINTAINER=	sunpoet@FreeBSD.org
 COMMENT=	Auto-terminate potentially long-running operations in Ruby
 WWW=		https://github.com/ruby/timeout
 
 LICENSE=	BSD2CLAUSE RUBY
 LICENSE_COMB=	dual
-LICENSE_FILE_BSD2CLAUSE=${WRKSRC}/LICENSE.txt
+LICENSE_FILE_BSD2CLAUSE=${WRKSRC}/BSDL
+LICENSE_FILE_RUBY=	${WRKSRC}/COPYING
 
 USES=		gem
 
 NO_ARCH=	yes
 
 .include <bsd.port.mk>
diff --git a/devel/rubygem-timeout/distinfo b/devel/rubygem-timeout/distinfo
index 4258a4312b5f..ea90b39074fa 100644
--- a/devel/rubygem-timeout/distinfo
+++ b/devel/rubygem-timeout/distinfo
@@ -1,3 +1,3 @@
-TIMESTAMP = 1699774868
-SHA256 (rubygem/timeout-0.4.1.gem) = 6f1f4edd4bca28cffa59501733a94215407c6960bd2107331f0280d4abdebb9a
-SIZE (rubygem/timeout-0.4.1.gem) = 8704
+TIMESTAMP = 1731679780
+SHA256 (rubygem/timeout-0.4.2.gem) = 8aca2d5ff98eb2f7a501c03f8c3622065932cc58bc58f725cd50a09e63b4cc19
+SIZE (rubygem/timeout-0.4.2.gem) = 9216