diff --git a/docs/models/ipam/iprange.md b/docs/models/ipam/iprange.md
index b748ed1d2..208761788 100644
--- a/docs/models/ipam/iprange.md
+++ b/docs/models/ipam/iprange.md
@@ -29,9 +29,11 @@ The IP range's operational status. Note that the status of a range does _not_ ha
 !!! tip
     Additional statuses may be defined by setting `IPRange.status` under the [`FIELD_CHOICES`](../../configuration/data-validation.md#field_choices) configuration parameter.
 
-### Mark Reserved
+### Mark Populated
 
-If enabled, NetBox will prevent the creation of IP addresses which fall within the declared range (and assigned VRF, if any).
+!!! note "This field was added in NetBox v4.3."
+
+If enabled, NetBox will treat this IP range as being fully populated when calculating available IP space. It will also prevent the creation of IP addresses which fall within the declared range (and assigned VRF, if any).
 
 ### Mark Utilized