diff --git a/dspy/predict/parallel.py b/dspy/predict/parallel.py
index 5c183885e4..91f5c1812b 100644
--- a/dspy/predict/parallel.py
+++ b/dspy/predict/parallel.py
@@ -64,7 +64,15 @@ def process_pair(pair):
         # Execute the processing function over the execution pairs
         results = executor.execute(process_pair, exec_pairs)
 
+        # Populate failed examples and exceptions from the executor
         if self.return_failed_examples:
+            for failed_idx in executor.failed_indices:
+                if failed_idx < len(exec_pairs):
+                    _, original_example = exec_pairs[failed_idx]
+                    self.failed_examples.append(original_example)
+                    if exception := executor.exceptions_map.get(failed_idx):
+                        self.exceptions.append(exception)
+
             return results, self.failed_examples, self.exceptions
         else:
             return results
diff --git a/dspy/utils/parallelizer.py b/dspy/utils/parallelizer.py
index d45df534ed..c32f5e3ebb 100644
--- a/dspy/utils/parallelizer.py
+++ b/dspy/utils/parallelizer.py
@@ -41,6 +41,8 @@ def __init__(
         self.error_count = 0
         self.error_lock = threading.Lock()
         self.cancel_jobs = threading.Event()
+        self.failed_indices = []
+        self.exceptions_map = {}
 
     def execute(self, function, data):
         tqdm.tqdm._instances.clear()
@@ -62,7 +64,7 @@ def safe_func(item):
                     logger.error(f"Error for {item}: {e}\n{traceback.format_exc()}")
                 else:
                     logger.error(f"Error for {item}: {e}. Set `provide_traceback=True` for traceback.")
-                return None
+                return e
 
         return safe_func
 
@@ -155,7 +157,14 @@ def all_done():
                             pass
                         else:
                             if outcome != job_cancelled and results[index] is None:
-                                results[index] = outcome
+                                # Check if this is an exception
+                                if isinstance(outcome, Exception):
+                                    with self.error_lock:
+                                        self.failed_indices.append(index)
+                                        self.exceptions_map[index] = outcome
+                                    results[index] = None  # Keep None for failed examples
+                                else:
+                                    results[index] = outcome
 
                             # Update progress
                             if self.compare_results:
diff --git a/tests/predict/test_parallel.py b/tests/predict/test_parallel.py
index 8b4e862713..fe8479079b 100644
--- a/tests/predict/test_parallel.py
+++ b/tests/predict/test_parallel.py
@@ -163,3 +163,34 @@ def forward(self, input):
         "test output 3",
         "test output 4",
     }
+
+
+def test_batch_with_failed_examples():
+    class FailingModule(dspy.Module):
+        def forward(self, value: int) -> str:
+            if value == 42:
+                raise ValueError("test error")
+            return f"success-{value}"
+
+    module = FailingModule()
+
+    examples = [
+        dspy.Example(value=1).with_inputs("value"),
+        dspy.Example(value=42).with_inputs("value"),  # This will fail
+        dspy.Example(value=3).with_inputs("value"),
+    ]
+
+    results, failed_examples, exceptions = module.batch(
+        examples,
+        return_failed_examples=True,
+        provide_traceback=True,
+    )
+
+    assert results == ["success-1", None, "success-3"]
+
+    assert len(failed_examples) == 1
+    assert failed_examples[0].inputs()["value"] == 42
+
+    assert len(exceptions) == 1
+    assert isinstance(exceptions[0], ValueError)
+    assert str(exceptions[0]) == "test error"
diff --git a/tests/utils/test_parallelizer.py b/tests/utils/test_parallelizer.py
index 28307e4ea8..128614ffc8 100644
--- a/tests/utils/test_parallelizer.py
+++ b/tests/utils/test_parallelizer.py
@@ -59,3 +59,27 @@ def task(item):
 
     # Verify that the results exclude the failed task
     assert results == [1, 2, None, 4, 5]
+
+
+def test_parallel_executor_tracks_failed_indices_and_exceptions():
+    def task(item):
+        if item == 3:
+            raise ValueError("test error for 3")
+        if item == 5:
+            raise RuntimeError("test error for 5")
+        return item
+
+    data = [1, 2, 3, 4, 5]
+    executor = ParallelExecutor(num_threads=3, max_errors=3)
+
+    results = executor.execute(task, data)
+
+    assert results == [1, 2, None, 4, None]
+
+    assert sorted(executor.failed_indices) == [2, 4]
+
+    assert len(executor.exceptions_map) == 2
+    assert isinstance(executor.exceptions_map[2], ValueError)
+    assert str(executor.exceptions_map[2]) == "test error for 3"
+    assert isinstance(executor.exceptions_map[4], RuntimeError)
+    assert str(executor.exceptions_map[4]) == "test error for 5"