diff --git a/runtime-common/core/allocator/pool-allocator.h b/runtime-common/core/allocator/pool-allocator.h
index fe85ebd2c1..07db2219ee 100644
--- a/runtime-common/core/allocator/pool-allocator.h
+++ b/runtime-common/core/allocator/pool-allocator.h
@@ -25,6 +25,7 @@ struct pool_allocator : private vk::not_copyable {
   size_t m_min_extra_mem_size{0};
 
   auto request_extra_memory(size_t requested_size) noexcept -> void;
+  [[noreturn]] auto raise_out_of_memory(size_t requested_size) const noexcept -> void;
 
 public:
   pool_allocator(size_t script_mem_size, size_t min_extra_mem_size, size_t oom_handling_mem_size) noexcept;
diff --git a/runtime-light/allocator/pool-allocator.cpp b/runtime-light/allocator/pool-allocator.cpp
index c487c29799..da7bfe5f55 100644
--- a/runtime-light/allocator/pool-allocator.cpp
+++ b/runtime-light/allocator/pool-allocator.cpp
@@ -50,7 +50,9 @@ auto pool_allocator::alloc_script_memory(size_t size) noexcept -> void* {
     request_extra_memory(size);
     mem = memory_resource.allocate(size);
 
-    kphp::log::assertion(mem != nullptr);
+    if (mem == nullptr) [[unlikely]] {
+      raise_out_of_memory(size);
+    }
   }
 
   return mem;
@@ -64,7 +66,9 @@ auto pool_allocator::calloc_script_memory(size_t size) noexcept -> void* {
     request_extra_memory(size);
     mem = memory_resource.allocate0(size);
 
-    kphp::log::assertion(mem != nullptr);
+    if (mem == nullptr) [[unlikely]] {
+      raise_out_of_memory(size);
+    }
   }
 
   return mem;
@@ -78,7 +82,9 @@ auto pool_allocator::realloc_script_memory(void* old_mem, size_t new_size, size_
     request_extra_memory(new_size * 2);
     new_mem = memory_resource.reallocate(old_mem, new_size, old_size);
 
-    kphp::log::assertion(new_mem != nullptr);
+    if (new_mem == nullptr) [[unlikely]] {
+      raise_out_of_memory(new_size);
+    }
   }
 
   return new_mem;
@@ -104,8 +110,20 @@ auto pool_allocator::request_extra_memory(size_t requested_size) noexcept -> voi
   extra_mem_size = std::bit_ceil(extra_mem_size);
 
   auto* extra_mem{kphp::memory::platform::alloc(extra_mem_size)};
-  kphp::log::assertion(extra_mem != nullptr);
+  if (extra_mem == nullptr) [[unlikely]] {
+    raise_out_of_memory(extra_mem_size);
+  }
   memory_resource.add_extra_memory(new (extra_mem) memory_resource::extra_memory_pool{extra_mem_size});
 }
 
+auto pool_allocator::raise_out_of_memory(size_t requested_size) const noexcept -> void {
+  const auto& stats{memory_resource.get_memory_stats()};
+  kphp::log::error("pool_allocator: out of memory (requested {} bytes), "
+                   "memory usage: {} of {} bytes (max {}), real usage: {} bytes (max {}), "
+                   "total allocations: {}, total memory allocated: {} bytes, "
+                   "defragmentation calls: {}, huge memory pieces: {}, small memory pieces: {}",
+                   requested_size, stats.memory_used, stats.memory_limit, stats.max_memory_used, stats.real_memory_used, stats.max_real_memory_used,
+                   stats.total_allocations, stats.total_memory_allocated, stats.defragmentation_calls, stats.huge_memory_pieces, stats.small_memory_pieces);
+}
+
 } // namespace kphp::memory
diff --git a/runtime-light/stdlib/diagnostics/logs.h b/runtime-light/stdlib/diagnostics/logs.h
index b332553be9..2f45138140 100644
--- a/runtime-light/stdlib/diagnostics/logs.h
+++ b/runtime-light/stdlib/diagnostics/logs.h
@@ -10,6 +10,7 @@
 #include <optional>
 #include <source_location>
 #include <span>
+#include <string_view>
 
 #include "runtime-light/k2-platform/k2-api.h"
 #include "runtime-light/stdlib/diagnostics/backtrace.h"
@@ -37,29 +38,36 @@ void log(level level, std::optional<std::span<void* const>> trace, std::format_s
         return std::nullopt;
       })};
 
-  const size_t tagged_entries_size{
-      static_cast<size_t>((trace.has_value() ? 1 : 0) + opt_tags.transform([](contextual_tags& tags) noexcept { return tags.size(); }).value_or(0))};
-  kphp::stl::vector<k2::LogTaggedEntry, kphp::memory::script_allocator> tagged_entries{};
-  tagged_entries.reserve(tagged_entries_size);
+  size_t tagged_entries_size{};
+  static constexpr size_t TAGGED_ENTRIES_BUFFER_SIZE{24UZ};
+  std::array<k2::LogTaggedEntry, TAGGED_ENTRIES_BUFFER_SIZE> tagged_entries_buffer; // NOLINT
 
-  opt_tags.transform([&tagged_entries](contextual_tags& tags) noexcept {
+  // Reserve one slot for the trace when it's present
+  const size_t tagged_entries_capacity{trace.has_value() ? TAGGED_ENTRIES_BUFFER_SIZE - 1 : TAGGED_ENTRIES_BUFFER_SIZE};
+
+  opt_tags.transform([&tagged_entries_buffer, &tagged_entries_size, tagged_entries_capacity](contextual_tags& tags) noexcept {
     for (const auto& [key, value] : tags.values()) {
-      tagged_entries.push_back(k2::LogTaggedEntry{.key = key.data(), .value = value.data(), .key_len = key.size(), .value_len = value.size()});
+      if (tagged_entries_size == tagged_entries_capacity) {
+        break;
+      }
+
+      tagged_entries_buffer[tagged_entries_size++] =
+          k2::LogTaggedEntry{.key = key.data(), .value = value.data(), .key_len = key.size(), .value_len = value.size()};
     }
     return 0;
   });
   if (trace.has_value()) {
-    static constexpr std::string_view BACKTRACE_KEY = "trace";
-    static constexpr size_t BACKTRACE_BUFFER_SIZE = 1024UZ * 4UZ;
+    static constexpr std::string_view BACKTRACE_KEY{"trace"};
+    static constexpr size_t BACKTRACE_BUFFER_SIZE{1024UZ * 4UZ};
     std::array<char, BACKTRACE_BUFFER_SIZE> backtrace_buffer; // NOLINT
     size_t backtrace_size{impl::resolve_log_trace(backtrace_buffer, *trace)};
-    tagged_entries.push_back(
-        k2::LogTaggedEntry{.key = BACKTRACE_KEY.data(), .value = backtrace_buffer.data(), .key_len = BACKTRACE_KEY.size(), .value_len = backtrace_size});
-    k2::log(std::to_underlying(level), message, tagged_entries);
+    tagged_entries_buffer[tagged_entries_size++] =
+        k2::LogTaggedEntry{.key = BACKTRACE_KEY.data(), .value = backtrace_buffer.data(), .key_len = BACKTRACE_KEY.size(), .value_len = backtrace_size};
+    k2::log(std::to_underlying(level), message, {tagged_entries_buffer.data(), tagged_entries_size});
     return;
   }
 
-  k2::log(std::to_underlying(level), message, tagged_entries);
+  k2::log(std::to_underlying(level), message, {tagged_entries_buffer.data(), tagged_entries_size});
 }
 
 } // namespace impl