diff --git a/include_core/omrhookable.h b/include_core/omrhookable.h
index 7231960978..fe7ae9b197 100644
--- a/include_core/omrhookable.h
+++ b/include_core/omrhookable.h
@@ -53,6 +53,7 @@ typedef struct J9HookInterface {
 	void (*J9HookDispatch)(struct J9HookInterface **hookInterface, uintptr_t eventNum, void *eventData);
 	intptr_t (*J9HookDisable)(struct J9HookInterface **hookInterface, uintptr_t eventNum);
 	intptr_t (*J9HookReserve)(struct J9HookInterface **hookInterface, uintptr_t eventNum);
+	void (*J9HookUnreserve)(struct J9HookInterface **hookInterface, uintptr_t eventNum);
 	intptr_t (*J9HookRegister)(struct J9HookInterface **hookInterface, uintptr_t eventNum, J9HookFunction function, void *userData, ...);
 	intptr_t (*J9HookRegisterWithCallSite)(struct J9HookInterface **hookInterface, uintptr_t eventNum, J9HookFunction function, const char *callsite, void *userData, ...);
 	void (*J9HookUnregister)(struct J9HookInterface **hookInterface, uintptr_t eventNum, J9HookFunction function, void *userData);
diff --git a/util/hookable/hookable.cpp b/util/hookable/hookable.cpp
index 92cf0634fd..db31414f63 100644
--- a/util/hookable/hookable.cpp
+++ b/util/hookable/hookable.cpp
@@ -41,6 +41,7 @@ static intptr_t J9HookDisable(struct J9HookInterface **hookInterface, uintptr_t
 static intptr_t J9HookIsEnabled(struct J9HookInterface **hookInterface, uintptr_t taggedEventNum);
 static void J9HookDispatch(struct J9HookInterface **hookInterface, uintptr_t taggedEventNum, void *eventData);
 static intptr_t J9HookReserve(struct J9HookInterface **hookInterface, uintptr_t taggedEventNum);
+static void J9HookUnreserve(struct J9HookInterface **hookInterface, uintptr_t taggedEventNum);
 static uintptr_t J9HookAllocateAgentID(struct J9HookInterface **hookInterface);
 static void J9HookDeallocateAgentID(struct J9HookInterface **hookInterface, uintptr_t agentID);
 
@@ -48,6 +49,7 @@ static const J9HookInterface hookFunctionTable = {
 	J9HookDispatch,
 	J9HookDisable,
 	J9HookReserve,
+	J9HookUnreserve,
 	J9HookRegister,
 	J9HookRegisterWithCallSite,
 	J9HookUnregister,
@@ -345,6 +347,26 @@ J9HookReserve(struct J9HookInterface **hookInterface, uintptr_t taggedEventNum)
 	return rc;
 }
 
+/*
+ * Clear the J9HOOK_FLAG_RESERVED flag from an event.
+ * This flag can be removed regardless of current flag(s) of the event,
+ * J9HOOK_FLAG_RESERVED, J9HOOK_FLAG_HOOKED or J9HOOK_FLAG_DISABLED.
+ *
+ * This function should not be called directly. It should be called through the hook interface.
+ */
+static void
+J9HookUnreserve(struct J9HookInterface **hookInterface, uintptr_t taggedEventNum)
+{
+	J9CommonHookInterface *commonInterface = (J9CommonHookInterface *)hookInterface;
+	uintptr_t eventNum = taggedEventNum & J9HOOK_EVENT_NUM_MASK;
+
+	omrthread_monitor_enter(commonInterface->lock);
+
+	HOOK_FLAGS(commonInterface, eventNum) &= ~J9HOOK_FLAG_RESERVED;
+
+	omrthread_monitor_exit(commonInterface->lock);
+}
+
 static intptr_t
 J9HookRegisterWithCallSitePrivate(struct J9HookInterface **hookInterface, uintptr_t taggedEventNum, J9HookFunction function, const char *callsite, void *userData, uintptr_t agentID)
 {