diff --git a/editor/scene_tree_dock.cpp b/editor/scene_tree_dock.cpp
index 0ac3875ad6b..e8db6ed6790 100644
--- a/editor/scene_tree_dock.cpp
+++ b/editor/scene_tree_dock.cpp
@@ -121,6 +121,8 @@ void SceneTreeDock::shortcut_input(const Ref<InputEvent> &p_event) {
 		_tool_selected(TOOL_COPY);
 	} else if (ED_IS_SHORTCUT("scene_tree/paste_node", p_event)) {
 		_tool_selected(TOOL_PASTE);
+	} else if (ED_IS_SHORTCUT("scene_tree/paste_node_as_sibling", p_event)) {
+		_tool_selected(TOOL_PASTE_AS_SIBLING);
 	} else if (ED_IS_SHORTCUT("scene_tree/change_node_type", p_event)) {
 		_tool_selected(TOOL_REPLACE);
 	} else if (ED_IS_SHORTCUT("scene_tree/duplicate", p_event)) {
@@ -511,7 +513,10 @@ void SceneTreeDock::_tool_selected(int p_tool, bool p_confirm_override) {
 			}
 		} break;
 		case TOOL_PASTE: {
-			paste_nodes();
+			paste_nodes(false);
+		} break;
+		case TOOL_PASTE_AS_SIBLING: {
+			paste_nodes(true);
 		} break;
 		case TOOL_REPLACE: {
 			if (!profile_allow_editing) {
@@ -2957,6 +2962,7 @@ void SceneTreeDock::_tree_rmb(const Vector2 &p_menu_pos) {
 		menu->add_icon_shortcut(get_theme_icon(SNAME("ActionCopy"), SNAME("EditorIcons")), ED_GET_SHORTCUT("scene_tree/copy_node"), TOOL_COPY);
 		if (selection.size() == 1 && !node_clipboard.is_empty()) {
 			menu->add_icon_shortcut(get_theme_icon(SNAME("ActionPaste"), SNAME("EditorIcons")), ED_GET_SHORTCUT("scene_tree/paste_node"), TOOL_PASTE);
+			menu->add_icon_shortcut(get_theme_icon(SNAME("ActionPaste"), SNAME("EditorIcons")), ED_GET_SHORTCUT("scene_tree/paste_node_as_sibling"), TOOL_PASTE);
 		}
 		menu->add_separator();
 	}
@@ -3330,7 +3336,7 @@ void SceneTreeDock::open_instance_child_dialog() {
 	_tool_selected(TOOL_INSTANTIATE, true);
 }
 
-List<Node *> SceneTreeDock::paste_nodes() {
+List<Node *> SceneTreeDock::paste_nodes(bool p_paste_as_sibling) {
 	List<Node *> pasted_nodes;
 
 	if (node_clipboard.is_empty()) {
@@ -3360,6 +3366,10 @@ List<Node *> SceneTreeDock::paste_nodes() {
 		paste_parent = selection.back()->get();
 	}
 
+	if (p_paste_as_sibling) {
+		paste_parent = paste_parent->get_parent();
+	}
+
 	Node *owner = nullptr;
 	if (paste_parent) {
 		owner = paste_parent->get_owner();
@@ -3369,7 +3379,7 @@ List<Node *> SceneTreeDock::paste_nodes() {
 	}
 
 	EditorUndoRedoManager *ur = EditorUndoRedoManager::get_singleton();
-	ur->create_action(TTR("Paste Node(s)"), UndoRedo::MERGE_DISABLE, EditorNode::get_singleton()->get_edited_scene());
+	ur->create_action(vformat(p_paste_as_sibling ? TTR("Paste Node(s) as Sibling of %s") : TTR("Paste Node(s) as Child of %s"), paste_parent->get_name()), UndoRedo::MERGE_DISABLE, EditorNode::get_singleton()->get_edited_scene());
 	ur->add_do_method(editor_selection, "clear");
 
 	HashMap<Ref<Resource>, Ref<Resource>> resource_remap;
@@ -3767,6 +3777,7 @@ SceneTreeDock::SceneTreeDock(Node *p_scene_root, EditorSelection *p_editor_selec
 	ED_SHORTCUT("scene_tree/cut_node", TTR("Cut"), KeyModifierMask::CMD_OR_CTRL | Key::X);
 	ED_SHORTCUT("scene_tree/copy_node", TTR("Copy"), KeyModifierMask::CMD_OR_CTRL | Key::C);
 	ED_SHORTCUT("scene_tree/paste_node", TTR("Paste"), KeyModifierMask::CMD_OR_CTRL | Key::V);
+	ED_SHORTCUT("scene_tree/paste_node_as_sibling", TTR("Paste as Sibling"), KeyModifierMask::CMD_OR_CTRL | KeyModifierMask::SHIFT | Key::V);
 	ED_SHORTCUT("scene_tree/change_node_type", TTR("Change Type"));
 	ED_SHORTCUT("scene_tree/attach_script", TTR("Attach Script"));
 	ED_SHORTCUT("scene_tree/extend_script", TTR("Extend Script"));
diff --git a/editor/scene_tree_dock.h b/editor/scene_tree_dock.h
index 21424925c53..9c111bce71f 100644
--- a/editor/scene_tree_dock.h
+++ b/editor/scene_tree_dock.h
@@ -60,6 +60,7 @@ class SceneTreeDock : public VBoxContainer {
 		TOOL_CUT,
 		TOOL_COPY,
 		TOOL_PASTE,
+		TOOL_PASTE_AS_SIBLING,
 		TOOL_RENAME,
 #ifdef MODULE_REGEX_ENABLED
 		TOOL_BATCH_RENAME,
@@ -329,7 +330,7 @@ public:
 	void open_add_child_dialog();
 	void open_instance_child_dialog();
 
-	List<Node *> paste_nodes();
+	List<Node *> paste_nodes(bool p_paste_as_sibling = false);
 	List<Node *> get_node_clipboard() const;
 
 	ScriptCreateDialog *get_script_create_dialog() {