diff --git a/CHANGELOG.md b/CHANGELOG.md
index 2c81e91..c52bc90 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -7,6 +7,15 @@ and the project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0.
 
 ## [Unreleased]
 
+### Security
+- An exception thrown by a data class constructor during `from()`, `fromLazy()`
+  or `with()` (a `TypeError` for a wrong input type, or the constructor's own
+  validation) no longer carries the raw arguments in the constructor's stack
+  frame: they are wrapped in `SensitiveParameterValue`, as PHP does for
+  `#[\SensitiveParameter]`. The exception's type, message, line and previous
+  chain are unchanged. Run `sdo:clear` (or `sdo:warm`) after upgrading so
+  file-cached hydrators are regenerated.
+
 ## [2.8.0] — 2026-10-16
 
 ### Added
diff --git a/docs/attributes/sensitive.md b/docs/attributes/sensitive.md
index df460cb..92ae5fc 100644
--- a/docs/attributes/sensitive.md
+++ b/docs/attributes/sensitive.md
@@ -62,7 +62,7 @@ To queue a job that needs the card, pass an identifier (or a token from your pay
   It requires `symfony/var-dumper` (installed with Laravel) and changes nothing until you call it.
 - `var_export()` has no hook and always shows the value.
 - A field without a cast, enum or nested type goes to the constructor as-is; a wrong type raises PHP's `TypeError`, which names the type, never the value.
-- Every entry point (`from*()`, `tryFrom()`, `validate()`, `with()`, `collection()`), the compiled hydrators, pipes, casts and the Eloquent casts mark their input `#[\SensitiveParameter]`, so with `zend.exception_ignore_args=Off` stack traces show `Object(SensitiveParameterValue)` instead of the input. Your own casts and pipes need the same attribute on their `$value` / `$data` parameter. Keep `zend.exception_ignore_args=On` in production anyway: it also covers application frames.
+- Every entry point (`from*()`, `tryFrom()`, `validate()`, `with()`, `collection()`), the compiled hydrators, pipes, casts and the Eloquent casts mark their input `#[\SensitiveParameter]`, so with `zend.exception_ignore_args=Off` stack traces show `Object(SensitiveParameterValue)` instead of the input. The data class constructor is your code, so the library cannot mark it: when the constructor rejects its arguments — a `TypeError` for a wrong type, or an exception your own checks throw — the library wraps that frame's arguments in `SensitiveParameterValue` before the exception leaves `from()`, `fromLazy()` or `with()`. The exception's type, message, line and `getPrevious()` chain are unchanged. Helpers the constructor calls are still your frames: mark their parameters `#[\SensitiveParameter]`. Your own casts and pipes need the same attribute on their `$value` / `$data` parameter. Keep `zend.exception_ignore_args=On` in production anyway: it also covers application frames.
 
 ## PAN masking
 
diff --git a/src/BaseData.php b/src/BaseData.php
index 2b2af0c..d6d27ad 100644
--- a/src/BaseData.php
+++ b/src/BaseData.php
@@ -19,6 +19,7 @@
 use StdOut\SimpleDataObjects\Support\HydratorCompiler;
 use StdOut\SimpleDataObjects\Support\InputNormalizer;
 use StdOut\SimpleDataObjects\Support\MetadataRegistry;
+use StdOut\SimpleDataObjects\Support\Redactor;
 use StdOut\SimpleDataObjects\Support\SchemaGenerator;
 use StdOut\SimpleDataObjects\Support\SerializerCompiler;
 use StdOut\SimpleDataObjects\Support\ValueCaster;
@@ -94,7 +95,12 @@ public static function fromLazy(#[\SensitiveParameter] mixed $data): static
             }
 
             $args = (HydratorCompiler::$argResolvers[$class] ?? HydratorCompiler::compileArgs($class))($normalized);
-            $ghost->__construct(...$args);
+
+            try {
+                $ghost->__construct(...$args);
+            } catch (\Throwable $e) {
+                throw Redactor::scrubConstructorArguments($e, $class);
+            }
 
             // Hybrid: the constructor only covers its own parameters — the
             // extra properties still need populating, same mechanism as the
@@ -242,7 +248,11 @@ public function with(#[\SensitiveParameter] mixed ...$overrides): static
             );
         }
 
-        $instance = $meta->hasConstructor ? new static(...$ctorArgs) : new static;
+        try {
+            $instance = $meta->hasConstructor ? new static(...$ctorArgs) : new static;
+        } catch (\Throwable $e) { // @phpstan-ignore catch.neverThrown (PHPStan sees only BaseData, which has no constructor; subclass constructors can throw)
+            throw Redactor::scrubConstructorArguments($e, static::class);
+        }
 
         // Extra (non-constructor) properties — constructor-less classes and
         // hybrid classes' extra fields. Legal even for readonly properties:
diff --git a/src/Support/HydratorCompiler.php b/src/Support/HydratorCompiler.php
index d651e5b..a4c2520 100644
--- a/src/Support/HydratorCompiler.php
+++ b/src/Support/HydratorCompiler.php
@@ -190,13 +190,18 @@ static function (#[\\SensitiveParameter] array \$d) use (\$p, \$pipes): \\{$clas
 
         $unknownCheck = self::buildUnknownKeysCheck($class, $meta);
         [$body, $argList] = self::buildParts($class, $meta);
+        $construct = "try {\n"
+            ."        \$o = new \\{$class}({$argList});\n"
+            ."    } catch (\\Throwable \$e) {\n"
+            ."        throw \\StdOut\\SimpleDataObjects\\Support\\Redactor::scrubConstructorArguments(\$e, \\{$class}::class);\n"
+            ."    }\n";
 
         if ($meta->hasExtraProperties) {
             $extraBody = self::buildPropertyAssignments($class, $meta, includePipesPrelude: false);
 
             return <<<PHP
             static function (#[\\SensitiveParameter] array \$d) use (\$p, \$pipes): \\{$class} {
-            {$unknownCheck}{$body}    \$o = new \\{$class}({$argList});
+            {$unknownCheck}{$body}    {$construct}
             {$extraBody}    return \$o;
             }
             PHP;
@@ -204,7 +209,7 @@ static function (#[\\SensitiveParameter] array \$d) use (\$p, \$pipes): \\{$clas
 
         return <<<PHP
         static function (#[\\SensitiveParameter] array \$d) use (\$p, \$pipes): \\{$class} {
-        {$unknownCheck}{$body}    return new \\{$class}({$argList});
+        {$unknownCheck}{$body}    {$construct}    return \$o;
         }
         PHP;
     }
diff --git a/src/Support/Redactor.php b/src/Support/Redactor.php
index 31d9335..b233f47 100644
--- a/src/Support/Redactor.php
+++ b/src/Support/Redactor.php
@@ -24,6 +24,39 @@ public static function forMessage(#[\SensitiveParameter] string $value): string
         return addcslashes(self::maskPan($value), "\0..\37\177");
     }
 
+    /**
+     * The library passes input to a data class constructor it does not own,
+     * so that frame cannot carry #[\SensitiveParameter]: a TypeError at the
+     * call or any exception thrown in the constructor body would keep the raw
+     * arguments in its trace. Wraps them the way PHP wraps a sensitive
+     * parameter, in place, so the type, message and line stay the same.
+     *
+     * @param  class-string  $class
+     */
+    public static function scrubConstructorArguments(\Throwable $e, string $class): \Throwable
+    {
+        for ($current = $e; $current !== null; $current = $current->getPrevious()) {
+            $property = new \ReflectionProperty($current instanceof \Exception ? \Exception::class : \Error::class, 'trace');
+            /** @var list<array<string, mixed>> $trace */
+            $trace = $property->getValue($current);
+
+            foreach ($trace as $i => $frame) {
+                if (($frame['function'] ?? null) === '__construct'
+                    && isset($frame['class'], $frame['args'])
+                    && is_a($class, (string) $frame['class'], true)) {
+                    $trace[$i]['args'] = array_map(
+                        static fn (mixed $arg): \SensitiveParameterValue => $arg instanceof \SensitiveParameterValue ? $arg : new \SensitiveParameterValue($arg),
+                        (array) $frame['args'],
+                    );
+                }
+            }
+
+            $property->setValue($current, $trace);
+        }
+
+        return $e;
+    }
+
     /** @param array{0: string} $match */
     private static function maskDigits(array $match): string
     {
diff --git a/tests/Fixtures/ChargeData.php b/tests/Fixtures/ChargeData.php
new file mode 100644
index 0000000..8289eb4
--- /dev/null
+++ b/tests/Fixtures/ChargeData.php
@@ -0,0 +1,22 @@
+<?php
+
+declare(strict_types=1);
+
+namespace StdOut\SimpleDataObjects\Tests\Fixtures;
+
+use StdOut\SimpleDataObjects\BaseData;
+
+/** Validates in its own constructor, so a rejected card is thrown from that frame. */
+class ChargeData extends BaseData
+{
+    public function __construct(
+        public readonly string $pan,
+        public readonly int $amount,
+        #[\SensitiveParameter]
+        public readonly string $cvv = '',
+    ) {
+        if ($amount < 0) {
+            throw new \DomainException('Charge rejected.', 0, new \InvalidArgumentException('Amount must not be negative.'));
+        }
+    }
+}
diff --git a/tests/Fixtures/HybridChargeData.php b/tests/Fixtures/HybridChargeData.php
new file mode 100644
index 0000000..a0c3d12
--- /dev/null
+++ b/tests/Fixtures/HybridChargeData.php
@@ -0,0 +1,10 @@
+<?php
+
+declare(strict_types=1);
+
+namespace StdOut\SimpleDataObjects\Tests\Fixtures;
+
+class HybridChargeData extends ChargeData
+{
+    public ?string $reference = null;
+}
diff --git a/tests/StackTraceRedactionTest.php b/tests/StackTraceRedactionTest.php
index 53f5439..13560f4 100644
--- a/tests/StackTraceRedactionTest.php
+++ b/tests/StackTraceRedactionTest.php
@@ -16,6 +16,8 @@
 use StdOut\SimpleDataObjects\Laravel\DataObjectCast;
 use StdOut\SimpleDataObjects\Tests\Fixtures\CastableAddressData;
 use StdOut\SimpleDataObjects\Tests\Fixtures\CastableItemData;
+use StdOut\SimpleDataObjects\Tests\Fixtures\ChargeData;
+use StdOut\SimpleDataObjects\Tests\Fixtures\HybridChargeData;
 use StdOut\SimpleDataObjects\Tests\Fixtures\OrderWithMoneyData;
 use StdOut\SimpleDataObjects\Tests\Fixtures\OrderWithUuidData;
 use StdOut\SimpleDataObjects\Tests\Fixtures\SensitiveCardData;
@@ -63,6 +65,11 @@ public static function failingCalls(): iterable
         yield 'encrypted cast' => [static fn () => (new EncryptedCast('k'))->get($pan.'!')];
         yield 'data pipe' => [static fn () => ThrowingPipeData::from(['name' => $pan])];
         yield 'fromLivewire' => [static fn () => WireableEventData::fromLivewire(['name' => $pan])];
+        yield 'constructor type error' => [static fn () => ChargeData::from(['pan' => $pan, 'amount' => 'ten'])];
+        yield 'constructor throws' => [static fn () => ChargeData::from(['pan' => $pan, 'amount' => -1, 'cvv' => '123'])];
+        yield 'inherited constructor, extra properties' => [static fn () => HybridChargeData::from(['pan' => $pan, 'amount' => -1])];
+        yield 'constructor throws in fromLazy' => [static fn () => ChargeData::fromLazy(['pan' => $pan, 'amount' => -1])->amount];
+        yield 'constructor throws in with' => [static fn () => ChargeData::from(['pan' => $pan, 'amount' => 1])->with(amount: -1)];
     }
 
     #[DataProvider('failingCalls')]
@@ -80,6 +87,31 @@ public function test_eloquent_casts_keep_input_out_of_stack_trace_arguments(): v
         $this->assertNoPanInTrace(fn () => (new DataCollectionCast(CastableItemData::class))->get($model, 'items', '{"pan":"'.self::PAN.'"', $attributes));
     }
 
+    public function test_constructor_exception_keeps_type_message_line_and_previous(): void
+    {
+        try {
+            ChargeData::from(['pan' => self::PAN, 'amount' => -1, 'cvv' => '123']);
+            $this->fail('Expected the constructor to throw.');
+        } catch (\DomainException $e) {
+            $this->assertSame('Charge rejected.', $e->getMessage());
+            $this->assertStringEndsWith('ChargeData.php', $e->getFile());
+            $this->assertInstanceOf(\InvalidArgumentException::class, $e->getPrevious());
+
+            $frame = $e->getTrace()[0];
+            $this->assertSame([ChargeData::class, '__construct'], [$frame['class'] ?? null, $frame['function']]);
+            $this->assertContainsOnlyInstancesOf(\SensitiveParameterValue::class, $frame['args'] ?? []);
+            $this->assertSame([self::PAN, -1, '123'], array_map(static fn (\SensitiveParameterValue $arg): mixed => $arg->getValue(), $frame['args'] ?? []));
+        }
+    }
+
+    public function test_constructor_type_error_stays_a_type_error(): void
+    {
+        $this->expectException(\TypeError::class);
+        $this->expectExceptionMessage('Argument #2 ($amount) must be of type int');
+
+        ChargeData::from(['pan' => self::PAN, 'amount' => 'ten']);
+    }
+
     private function assertNoPanInTrace(Closure $call): void
     {
         try {