diff --git a/org.mixedrealitytoolkit.spatialmanipulation/BoundsControl/Visuals/SpatialManipulationReticle.cs b/org.mixedrealitytoolkit.spatialmanipulation/BoundsControl/Visuals/SpatialManipulationReticle.cs
index 305a71108..a68e7f4c8 100644
--- a/org.mixedrealitytoolkit.spatialmanipulation/BoundsControl/Visuals/SpatialManipulationReticle.cs
+++ b/org.mixedrealitytoolkit.spatialmanipulation/BoundsControl/Visuals/SpatialManipulationReticle.cs
@@ -2,6 +2,7 @@
 // Licensed under the BSD 3-Clause
 
 using System;
+using System.Collections.Generic;
 using UnityEngine;
 using UnityEngine.XR.Interaction.Toolkit;
 
@@ -19,7 +20,6 @@ public class SpatialManipulationReticle : MonoBehaviour, IReticleVisual
         [field: SerializeField, Tooltip("The type of the reticle visuals. Scale or Rotate.")]
         public SpatialManipulationReticleType ReticleType { get; set; }
 
-        private Transform contextTransform;
         private Quaternion worldRotationCache;
 
         /// <summary>
@@ -47,7 +47,23 @@ public void UpdateVisual(ReticleVisualUpdateArgs args)
                 }
                 else if (rayInteractor.interactablesHovered.Count > 0)
                 {
-                    RotateReticle(args.ReticleNormal, rayInteractor.interactablesHovered[0].transform);
+                    int interactableIndex = 0;
+
+                    List<IXRHoverInteractable> hoveredInteractables = rayInteractor.interactablesHovered;
+                    int hoveredCount = hoveredInteractables.Count;
+                    if (hoveredCount > 1)
+                    {
+                        for (int i = 0; i < hoveredCount; i++)
+                        {
+                            if (hoveredInteractables[i] is BoundsHandleInteractable)
+                            {
+                                interactableIndex = i;
+                                break;
+                            }
+                        }
+                    }
+
+                    RotateReticle(args.ReticleNormal, hoveredInteractables[interactableIndex].transform);
                 }
             }
         }
diff --git a/org.mixedrealitytoolkit.spatialmanipulation/CHANGELOG.md b/org.mixedrealitytoolkit.spatialmanipulation/CHANGELOG.md
index 9dca246f0..d25b24209 100644
--- a/org.mixedrealitytoolkit.spatialmanipulation/CHANGELOG.md
+++ b/org.mixedrealitytoolkit.spatialmanipulation/CHANGELOG.md
@@ -7,8 +7,9 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.1.0/).
 ### Fixed
 
 * Fixed tap to place `StartPlacement()` when called just after instantiation of the component. [PR #785](https://github.com/MixedRealityToolkit/MixedRealityToolkit-Unity/pull/785)
+* Fix null ref in SpatialManipulationReticle when multiple interactables are hovered. [PR #873](https://github.com/MixedRealityToolkit/MixedRealityToolkit-Unity/pull/873)
 
-## [3.3.0-development] - 2024-04-30
+## [3.3.0] - 2024-04-30
 
 ### Added
 
@@ -18,7 +19,7 @@ The format is based on [Keep a Changelog](https://keepachangelog.com/en/1.1.0/).
 
 * Added null check and index check when hiding colliders on BoundsHandleInteractable. [PR #730](https://github.com/MixedRealityToolkit/MixedRealityToolkit-Unity/pull/730)
 
-## [3.2.0-development] - 2024-03-20
+## [3.2.0] - 2024-03-20
 
 ### Added