diff --git a/docs/changelog/3450.bugfix.rst b/docs/changelog/3450.bugfix.rst
new file mode 100644
index 000000000..10ef74a1d
--- /dev/null
+++ b/docs/changelog/3450.bugfix.rst
@@ -0,0 +1,3 @@
+Log exception name when subprocess execution produces one.
+
+- by :user:`ssbarnea`
diff --git a/src/tox/execute/local_sub_process/__init__.py b/src/tox/execute/local_sub_process/__init__.py
index 2661fc9ab..8fa11c49c 100644
--- a/src/tox/execute/local_sub_process/__init__.py
+++ b/src/tox/execute/local_sub_process/__init__.py
@@ -214,6 +214,9 @@ def __enter__(self) -> ExecuteStatus:
                 env=self.request.env,
             )
         except OSError as exception:
+            # We log a nice error message to avout returning opaque error codes,
+            # like exit code 2 (filenotfound).
+            logging.error("Exception running subprocess %s", str(exception))  # noqa: TRY400
             return LocalSubprocessExecuteFailedStatus(self.options, self._out, self._err, exception.errno)
 
         status = LocalSubprocessExecuteStatus(self.options, self._out, self._err, process)
diff --git a/tests/execute/local_subprocess/test_local_subprocess.py b/tests/execute/local_subprocess/test_local_subprocess.py
index 7795d70a7..ef0d00d7b 100644
--- a/tests/execute/local_subprocess/test_local_subprocess.py
+++ b/tests/execute/local_subprocess/test_local_subprocess.py
@@ -4,6 +4,7 @@
 import locale
 import logging
 import os
+import re
 import shutil
 import stat
 import subprocess
@@ -264,7 +265,11 @@ def test_command_does_not_exist(caplog: LogCaptureFixture, os_env: dict[str, str
     assert outcome.exit_code != Outcome.OK
     assert not outcome.out
     assert not outcome.err
-    assert not caplog.records
+    assert len(caplog.records) == 1
+    assert caplog.records[0].levelname == "ERROR"
+    assert re.match(
+        r".*(No such file or directory|The system cannot find the file specified).*", caplog.records[0].message
+    )
 
 
 @pytest.mark.skipif(sys.platform == "win32", reason="You need a conhost shell for keyboard interrupt")